https://www.taxtmi.com/caselaws?id=466052 Addition of unexplained cash deposits over a short period was contested as taxable income; the assessee produced a gift deed evidencing receipt from an elderly relative and acceptance of the gift was not controverted. The revenue failed to produce contrary material or dispute the deed, and the appellate authority relied on the undisputed documentary proof to negate the presumption of income, resulting in deletion of the assessment addition. en-us Thu, 18 May 2023 00:00:00 +0530 Wed, 21 Jan 2026 20:45:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466052 Addition of unexplained cash deposits over a short period was contested as taxable income; the assessee produced a gift deed evidencing receipt from an elderly relative and acceptance of the gift was not controverted. The revenue failed to produce contrary material or dispute the deed, and the appellate authority relied on the undisputed documentary proof to negate the presumption of income, resulting in deletion of the assessment addition. Case-Laws Income Tax Thu, 18 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466052