https://www.taxtmi.com/caselaws?id=786001 Addition treating bank deposits as unexplained money under section 69A was rejected because documentary records showed the deposits were cash re-deposits traceable to prior withdrawals, establishing nexus between withdrawals and deposits; onus on revenue to prove prior withdrawals were not available at time of deposit was unmet, so deeming fiction could not be invoked. Reliance solely on the deeming provision without adjudicating the assessee's documentary explanation was held unjustified. Consequently the addition under unexplained money provisions was disallowed and the taxpayer's appeal was allowed. en-us Fri, 16 Jan 2026 00:00:00 +0530 Wed, 04 Feb 2026 08:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786001 Addition treating bank deposits as unexplained money under section 69A was rejected because documentary records showed the deposits were cash re-deposits traceable to prior withdrawals, establishing nexus between withdrawals and deposits; onus on revenue to prove prior withdrawals were not available at time of deposit was unmet, so deeming fiction could not be invoked. Reliance solely on the deeming provision without adjudicating the assessee's documentary explanation was held unjustified. Consequently the addition under unexplained money provisions was disallowed and the taxpayer's appeal was allowed. Case-Laws Income Tax Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786001