https://www.taxtmi.com/caselaws?id=783816 Whether cash deposits in the assessee's bank account were unexplained or represented business sale proceeds was the dominant issue. The tribunal held that the authorities below erred in summarily rejecting the explanation without examining documentary material on record, particularly way bills evidencing sales of pulses to various purchasers within and outside the State, which prima facie lent credibility to the claim that at least part of the deposits arose from business transactions. Consequently, the matter was remitted to the AO to verify the explanation in light of the way bills and any additional evidence, after granting reasonable opportunity of hearing; the appeal was allowed for statistical purposes. en-us Fri, 19 Dec 2025 00:00:00 +0530 Tue, 23 Dec 2025 07:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783816 Whether cash deposits in the assessee's bank account were unexplained or represented business sale proceeds was the dominant issue. The tribunal held that the authorities below erred in summarily rejecting the explanation without examining documentary material on record, particularly way bills evidencing sales of pulses to various purchasers within and outside the State, which prima facie lent credibility to the claim that at least part of the deposits arose from business transactions. Consequently, the matter was remitted to the AO to verify the explanation in light of the way bills and any additional evidence, after granting reasonable opportunity of hearing; the appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 19 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783816