https://www.taxtmi.com/caselaws?id=782608 ITAT Raipur allowed the assessee's appeal and deleted the addition made u/s 69A r.w.s. 115BBE on alleged unexplained cash deposits and property purchase. The Tribunal held that CIT(A)/NFAC failed to discharge the statutory duty under s. 250(4) and (6) by summarily dismissing the appeal without factual verification of the assessee's explanations, capital accounts, or sources of funds from family and employment. As the Revenue brought no material indicating undisclosed sources beyond accepted salary and commission income, the addition was held arbitrary, misplaced, and bad in law. en-us Tue, 05 Aug 2025 00:00:00 +0530 Tue, 02 Dec 2025 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782608 ITAT Raipur allowed the assessee's appeal and deleted the addition made u/s 69A r.w.s. 115BBE on alleged unexplained cash deposits and property purchase. The Tribunal held that CIT(A)/NFAC failed to discharge the statutory duty under s. 250(4) and (6) by summarily dismissing the appeal without factual verification of the assessee's explanations, capital accounts, or sources of funds from family and employment. As the Revenue brought no material indicating undisclosed sources beyond accepted salary and commission income, the addition was held arbitrary, misplaced, and bad in law. Case-Laws Income Tax Tue, 05 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782608