https://www.taxtmi.com/caselaws?id=782632 ITAT Raipur (AT) upheld the addition made under s.68 read with s.115BBE on account of unexplained cash deposits for AY 2016-17 and dismissed the assessee's appeal. The Tribunal held that the assessee failed to discharge the onus of explaining the source and nature of the cash deposits. The alleged opening cash balance and surplus withdrawals from an earlier year were unsupported by any credible evidence, bank confirmation, books of account, or prior cash-flow records. The findings of the CIT(A)/NFAC sustaining the addition were affirmed as legally and factually sound. en-us Thu, 06 Nov 2025 00:00:00 +0530 Tue, 02 Dec 2025 08:35:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782632 ITAT Raipur (AT) upheld the addition made under s.68 read with s.115BBE on account of unexplained cash deposits for AY 2016-17 and dismissed the assessee's appeal. The Tribunal held that the assessee failed to discharge the onus of explaining the source and nature of the cash deposits. The alleged opening cash balance and surplus withdrawals from an earlier year were unsupported by any credible evidence, bank confirmation, books of account, or prior cash-flow records. The findings of the CIT(A)/NFAC sustaining the addition were affirmed as legally and factually sound. Case-Laws Income Tax Thu, 06 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782632