https://www.taxtmi.com/caselaws?id=781926 The ITAT Bangalore allowed the assessee's appeal and deleted the addition made u/s 68 for unexplained cash credit. The AO had treated the difference between cash on hand as on 8.11.2016 and opening cash balance on 9.11.2016, as reflected in two cash statements generated from custom-made software, as unexplained. The Tribunal noted that the assessee's regular books of account, produced before both lower authorities, showed no such discrepancy and were not found faulty. It held that an error in software-generated statements alone could not justify addition u/s 68. en-us Wed, 22 Oct 2025 00:00:00 +0530 Thu, 20 Nov 2025 13:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781926 The ITAT Bangalore allowed the assessee's appeal and deleted the addition made u/s 68 for unexplained cash credit. The AO had treated the difference between cash on hand as on 8.11.2016 and opening cash balance on 9.11.2016, as reflected in two cash statements generated from custom-made software, as unexplained. The Tribunal noted that the assessee's regular books of account, produced before both lower authorities, showed no such discrepancy and were not found faulty. It held that an error in software-generated statements alone could not justify addition u/s 68. Case-Laws Income Tax Wed, 22 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781926