https://www.taxtmi.com/caselaws?id=466133 Dispute concerns treatment of cash deposits in a taxpayer's bank account alleged as unexplained income under assessment provisions. The discussion emphasises the onus of proof on revenue to displace the taxpayer's explanation that deposits arose from authorised activities as a banking correspondent; the bank's statement confirming the taxpayer's role and lack of complaints was treated as relevant. The Assessing Officer drew an adverse inference without obtaining the taxpayer's bank records or further inquiry, and the appellate authorities set aside the addition for want of adequate evidential inquiry. en-us Thu, 16 Oct 2025 00:00:00 +0530 Sun, 25 Jan 2026 21:24:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466133 Dispute concerns treatment of cash deposits in a taxpayer's bank account alleged as unexplained income under assessment provisions. The discussion emphasises the onus of proof on revenue to displace the taxpayer's explanation that deposits arose from authorised activities as a banking correspondent; the bank's statement confirming the taxpayer's role and lack of complaints was treated as relevant. The Assessing Officer drew an adverse inference without obtaining the taxpayer's bank records or further inquiry, and the appellate authorities set aside the addition for want of adequate evidential inquiry. Case-Laws Income Tax Thu, 16 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466133