https://www.taxtmi.com/caselaws?id=781458 Cash deposits in three bank accounts were held to be satisfactorily explained where they matched earlier withdrawals from the same accounts. The withdrawals were claimed to have been made for proposed house construction, and when the project did not proceed, the amounts were redeposited. On verification, the explanation was accepted as supported by the account trail, so the addition for unexplained cash deposits was not sustainable. en-us Thu, 13 Nov 2025 00:00:00 +0530 Sat, 15 Nov 2025 07:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781458 Cash deposits in three bank accounts were held to be satisfactorily explained where they matched earlier withdrawals from the same accounts. The withdrawals were claimed to have been made for proposed house construction, and when the project did not proceed, the amounts were redeposited. On verification, the explanation was accepted as supported by the account trail, so the addition for unexplained cash deposits was not sustainable. Case-Laws Income Tax Thu, 13 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781458