https://www.taxtmi.com/caselaws?id=782368 ITAT Chandigarh-AT deleted additions made on account of cash deposits and credit entries in the assessee's bank account. The assessee showed, through bank statements, that the cash deposits were merely redeposits of cash withdrawn 3-4 days earlier for business purposes, which later proved unnecessary. The AO had already estimated profit at 2% on bank credits, and the assessee argued that no further addition was warranted. As the DR failed to rebut the documentary evidence, ITAT held the additions unsustainable and ordered their deletion. en-us Fri, 07 Nov 2025 00:00:00 +0530 Fri, 28 Nov 2025 08:24:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782368 ITAT Chandigarh-AT deleted additions made on account of cash deposits and credit entries in the assessee's bank account. The assessee showed, through bank statements, that the cash deposits were merely redeposits of cash withdrawn 3-4 days earlier for business purposes, which later proved unnecessary. The AO had already estimated profit at 2% on bank credits, and the assessee argued that no further addition was warranted. As the DR failed to rebut the documentary evidence, ITAT held the additions unsustainable and ordered their deletion. Case-Laws Income Tax Fri, 07 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782368