https://www.taxtmi.com/caselaws?id=781432 ITAT Jaipur upheld the deletion of additions under s.69A, finding the AO's conclusion of undisclosed cash advances unsupported. The assessee produced bank statements, ledgers and Form 26AS showing the amounts advanced through banking channels and interest subjected to TDS; seized notings indicated repayment/rollover dates, some postdating the search. The Tribunal noted lack of corroborative enquiry, improbability of simultaneous large cash advances, and precedent accepting the seized sheet as memorandum. Consequential interest additions were also deleted as unsustainable. Revenue's appeal was dismissed. en-us Wed, 24 Sep 2025 00:00:00 +0530 Sat, 15 Nov 2025 07:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781432 ITAT Jaipur upheld the deletion of additions under s.69A, finding the AO's conclusion of undisclosed cash advances unsupported. The assessee produced bank statements, ledgers and Form 26AS showing the amounts advanced through banking channels and interest subjected to TDS; seized notings indicated repayment/rollover dates, some postdating the search. The Tribunal noted lack of corroborative enquiry, improbability of simultaneous large cash advances, and precedent accepting the seized sheet as memorandum. Consequential interest additions were also deleted as unsustainable. Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781432