https://www.taxtmi.com/caselaws?id=781931 ITAT Agra allowed the assessee's appeal, deleting the addition made on account of cash deposits in the bank account. The Tribunal held that the assessee had satisfactorily explained the source of each cash deposit, primarily through recorded cash withdrawals and a duly maintained cash book, which had not been rejected by the lower authorities. It observed that, absent any evidence from the Revenue that earlier withdrawals were used for other purposes, such withdrawals remained available as a source for later deposits. Accordingly, the entire cash deposits were treated as explained. en-us Wed, 19 Nov 2025 00:00:00 +0530 Sat, 22 Nov 2025 07:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781931 ITAT Agra allowed the assessee's appeal, deleting the addition made on account of cash deposits in the bank account. The Tribunal held that the assessee had satisfactorily explained the source of each cash deposit, primarily through recorded cash withdrawals and a duly maintained cash book, which had not been rejected by the lower authorities. It observed that, absent any evidence from the Revenue that earlier withdrawals were used for other purposes, such withdrawals remained available as a source for later deposits. Accordingly, the entire cash deposits were treated as explained. Case-Laws Income Tax Wed, 19 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781931