https://www.taxtmi.com/caselaws?id=782505 ITAT Ahmedabad deleted the addition u/s 69A made on cash deposits in the assessee's savings bank account. It held that the assessee's cash book showing daily tailoring receipts was consistent and adequately explained the cash balance used for the deposit of Rs. 4,90,000, and the business activity had been accepted in the return. Regarding Rs. 5,00,000 claimed as a cash gift from the assessee's mother, the affidavit and donor's bank statement established identity and capacity, with no contrary evidence or cross-examination by the Revenue. Having discharged the initial burden, the assessee's explanation was held reasonable and the addition was unsustainable. en-us Tue, 29 Jul 2025 00:00:00 +0530 Mon, 01 Dec 2025 08:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782505 ITAT Ahmedabad deleted the addition u/s 69A made on cash deposits in the assessee's savings bank account. It held that the assessee's cash book showing daily tailoring receipts was consistent and adequately explained the cash balance used for the deposit of Rs. 4,90,000, and the business activity had been accepted in the return. Regarding Rs. 5,00,000 claimed as a cash gift from the assessee's mother, the affidavit and donor's bank statement established identity and capacity, with no contrary evidence or cross-examination by the Revenue. Having discharged the initial burden, the assessee's explanation was held reasonable and the addition was unsustainable. Case-Laws Income Tax Tue, 29 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782505