https://www.taxtmi.com/caselaws?id=785549 ITAT considered an addition under section 69A relating to cash deposits in the assessee's bank account alleged as unexplained cash. The assessee asserted the deposits were student fees exempt under section 10(23C) as a government-aided educational NPO; the tribunal noted the need for AO verification of exemption claims and evidence on bank statements. The tribunal held that receipts exempt by law cannot be taxed merely due to taxpayer negligence and set aside the assessment, restoring the matter to the AO for de novo assessment and verification of the exempt status. en-us Fri, 19 Dec 2025 00:00:00 +0530 Tue, 27 Jan 2026 07:36:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785549 ITAT considered an addition under section 69A relating to cash deposits in the assessee's bank account alleged as unexplained cash. The assessee asserted the deposits were student fees exempt under section 10(23C) as a government-aided educational NPO; the tribunal noted the need for AO verification of exemption claims and evidence on bank statements. The tribunal held that receipts exempt by law cannot be taxed merely due to taxpayer negligence and set aside the assessment, restoring the matter to the AO for de novo assessment and verification of the exempt status. Case-Laws Income Tax Fri, 19 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785549