https://www.taxtmi.com/caselaws?id=782814 ITAT Ahmedabad allowed the assessee's appeal and deleted the addition made u/s 69A towards cash deposits in the bank account. The Tribunal noted that, as recorded by CIT(A), the assessee was regularly depositing cash received on a daily basis in the normal course of business and this pattern was undisputed by both AO and CIT(A). The remand report confirmed that the assessee had furnished necessary details and no further explanation was sought by the AO. Holding that the source of cash deposits stood satisfactorily explained, ITAT concluded that the authorities had erred in invoking s. 69A and sustained no addition. en-us Tue, 02 Dec 2025 00:00:00 +0530 Thu, 04 Dec 2025 09:19:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782814 ITAT Ahmedabad allowed the assessee's appeal and deleted the addition made u/s 69A towards cash deposits in the bank account. The Tribunal noted that, as recorded by CIT(A), the assessee was regularly depositing cash received on a daily basis in the normal course of business and this pattern was undisputed by both AO and CIT(A). The remand report confirmed that the assessee had furnished necessary details and no further explanation was sought by the AO. Holding that the source of cash deposits stood satisfactorily explained, ITAT concluded that the authorities had erred in invoking s. 69A and sustained no addition. Case-Laws Income Tax Tue, 02 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782814