https://www.taxtmi.com/caselaws?id=467068 Tribunal reduced addition under section 69A after finding part of the specified bank note deposits was supported by contemporaneous agricultural receipts and an assessed cash sale, preventing double taxation; the unexplained balance was sustained. A separate addition for alleged fictitious sundry creditors was deleted where the assessing officer had compared incorrect ledger figures (debtors treated as creditors). Operative legal points: contemporaneous documentary receipts can displace unexplained deposit additions and manifest clerical ledger misclassification warrants deletion of resultant additions. en-us Fri, 21 Feb 2025 00:00:00 +0530 Wed, 04 Mar 2026 17:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467068 Tribunal reduced addition under section 69A after finding part of the specified bank note deposits was supported by contemporaneous agricultural receipts and an assessed cash sale, preventing double taxation; the unexplained balance was sustained. A separate addition for alleged fictitious sundry creditors was deleted where the assessing officer had compared incorrect ledger figures (debtors treated as creditors). Operative legal points: contemporaneous documentary receipts can displace unexplained deposit additions and manifest clerical ledger misclassification warrants deletion of resultant additions. Case-Laws Income Tax Fri, 21 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467068