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    <title>2025 (11) TMI 1481 - ITAT AHMEDABAD</title>
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    <description>ITAT Ahmedabad allowed the assessee&#039;s appeal, deleting the addition made u/s 69A on cash deposits. The assessee, engaged in tour and travel business organizing Umrah tours, had deposited cash received from pilgrims into a bank account. ITAT noted that similar cash deposits had been accepted in earlier years and that the AO himself admitted the assessee had provided customer details, including names and passport numbers, as well as documentary evidence of foreign exchange purchases from a forex dealer. In absence of contrary material, the cash deposits were held explained.</description>
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    <pubDate>Tue, 07 Oct 2025 00:00:00 +0530</pubDate>
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      <title>2025 (11) TMI 1481 - ITAT AHMEDABAD</title>
      <link>https://www.taxtmi.com/caselaws?id=782013</link>
      <description>ITAT Ahmedabad allowed the assessee&#039;s appeal, deleting the addition made u/s 69A on cash deposits. The assessee, engaged in tour and travel business organizing Umrah tours, had deposited cash received from pilgrims into a bank account. ITAT noted that similar cash deposits had been accepted in earlier years and that the AO himself admitted the assessee had provided customer details, including names and passport numbers, as well as documentary evidence of foreign exchange purchases from a forex dealer. In absence of contrary material, the cash deposits were held explained.</description>
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      <pubDate>Tue, 07 Oct 2025 00:00:00 +0530</pubDate>
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