https://www.taxtmi.com/caselaws?id=783789 Deletion of addition under s.69A for alleged unexplained cash deposits was upheld because the bank account from which cash was claimed to have been withdrawn was not found to be undisclosed, and the Revenue produced no material to show that any deposit/withdrawal in the disclosed bank accounts was unexplained; the Revenue's ground failed. Disallowance under s.69C in respect of commodity trading loss was rejected since such loss is not "expenditure incurred" and, in any event, the Revenue did not challenge the direction to allow set-off of the trading loss against business income and the AO had not disputed the recorded commodity payments; the appeal was dismissed. en-us Mon, 30 Jun 2025 00:00:00 +0530 Tue, 23 Dec 2025 07:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783789 Deletion of addition under s.69A for alleged unexplained cash deposits was upheld because the bank account from which cash was claimed to have been withdrawn was not found to be undisclosed, and the Revenue produced no material to show that any deposit/withdrawal in the disclosed bank accounts was unexplained; the Revenue's ground failed. Disallowance under s.69C in respect of commodity trading loss was rejected since such loss is not "expenditure incurred" and, in any event, the Revenue did not challenge the direction to allow set-off of the trading loss against business income and the AO had not disputed the recorded commodity payments; the appeal was dismissed. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783789