https://www.taxtmi.com/caselaws?id=786724 Whether unexplained cash deposits can be treated as income where the assessing officer, in rectification proceedings, accepted those deposits as retirement benefits and revised returned income: the article explains that an assessing officer's admission of source in a section 154 rectification removes the legal basis to thereafter classify the same amounts as unexplained money and re-impose an addition under section 69A; accordingly the addition is not sustainable, the appellate order was set aside and the assessing officer directed to delete the additions, with the appeal allowed for the assessee. en-us Mon, 16 Feb 2026 00:00:00 +0530 Wed, 18 Feb 2026 08:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786724 Whether unexplained cash deposits can be treated as income where the assessing officer, in rectification proceedings, accepted those deposits as retirement benefits and revised returned income: the article explains that an assessing officer's admission of source in a section 154 rectification removes the legal basis to thereafter classify the same amounts as unexplained money and re-impose an addition under section 69A; accordingly the addition is not sustainable, the appellate order was set aside and the assessing officer directed to delete the additions, with the appeal allowed for the assessee. Case-Laws Income Tax Mon, 16 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786724