https://www.taxtmi.com/caselaws?id=782284 ITAT Raipur-AT allowed the assessee's appeal and deleted the addition of Rs. 50 lakhs made u/s 69A. The assessee, a listed real estate and construction company, had explained that the cash deposits originated from share application money, which the Revenue had not disputed. The Tribunal held that maintaining Rs. 50 lakhs in cash over three years was not unusual for such a business and that the source of funds and business activities were accepted by the department. Consequently, treating the cash deposits as unexplained money was held to be unjustified. en-us Wed, 30 Jul 2025 00:00:00 +0530 Thu, 27 Nov 2025 08:36:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782284 ITAT Raipur-AT allowed the assessee's appeal and deleted the addition of Rs. 50 lakhs made u/s 69A. The assessee, a listed real estate and construction company, had explained that the cash deposits originated from share application money, which the Revenue had not disputed. The Tribunal held that maintaining Rs. 50 lakhs in cash over three years was not unusual for such a business and that the source of funds and business activities were accepted by the department. Consequently, treating the cash deposits as unexplained money was held to be unjustified. Case-Laws Income Tax Wed, 30 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782284