https://www.taxtmi.com/caselaws?id=781104 ITAT (Chennai) set aside additions under s.68/115BBE, holding that an absolute increase in cash deposits between two AYs does not establish unexplained money. The Tribunal found the AO's presumption ill-founded, noting turnover and cash receipts rose in the subject year and books audited u/s.44AB were accepted. Absent concrete evidence, incremental cash deposits cannot be treated as unexplained on a presumptive basis. The addition was deleted and the assessee's grounds of appeal were allowed. en-us Fri, 07 Nov 2025 00:00:00 +0530 Tue, 11 Nov 2025 08:20:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781104 ITAT (Chennai) set aside additions under s.68/115BBE, holding that an absolute increase in cash deposits between two AYs does not establish unexplained money. The Tribunal found the AO's presumption ill-founded, noting turnover and cash receipts rose in the subject year and books audited u/s.44AB were accepted. Absent concrete evidence, incremental cash deposits cannot be treated as unexplained on a presumptive basis. The addition was deleted and the assessee's grounds of appeal were allowed. Case-Laws Income Tax Fri, 07 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781104