https://www.taxtmi.com/caselaws?id=781338 ITAT (Hyderabad) allowed the appeal and deleted the addition under s.69A. The Tribunal held that prior bank withdrawals-undisputed by the AO-constituted a satisfactory source for subsequent deposits of specified bank notes made after demonetization, and mandatory SBN deposit obligations supported that conclusion. The CIT(A) erred in rejecting the explanation merely because the assessee had not filed returns, where pension income was below taxable threshold. Consequently the unexplained cash credit was disallowed and the addition deleted. en-us Wed, 17 Sep 2025 00:00:00 +0530 Fri, 14 Nov 2025 09:42:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781338 ITAT (Hyderabad) allowed the appeal and deleted the addition under s.69A. The Tribunal held that prior bank withdrawals-undisputed by the AO-constituted a satisfactory source for subsequent deposits of specified bank notes made after demonetization, and mandatory SBN deposit obligations supported that conclusion. The CIT(A) erred in rejecting the explanation merely because the assessee had not filed returns, where pension income was below taxable threshold. Consequently the unexplained cash credit was disallowed and the addition deleted. Case-Laws Income Tax Wed, 17 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781338