https://www.taxtmi.com/caselaws?id=787574 Addition under Section 69A challenged on the ground that asserted unexplained cash deposits were reconciled by documentary records. Tribunal accepted bank statements, ledgers, unsecured loan receipts and repayments, and interbank transfers as non-sales credits which the Assessing Officer had omitted, and held that once those amounts were excluded the bank credits matched disclosed turnover. Applying the principle that documented reconciliations can explain bank credits, the Tribunal concluded the Section 69A addition lacked basis and deleted the addition, allowing the appeal in favour of the assessee. en-us Thu, 05 Mar 2026 00:00:00 +0530 Mon, 09 Mar 2026 07:53:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787574 Addition under Section 69A challenged on the ground that asserted unexplained cash deposits were reconciled by documentary records. Tribunal accepted bank statements, ledgers, unsecured loan receipts and repayments, and interbank transfers as non-sales credits which the Assessing Officer had omitted, and held that once those amounts were excluded the bank credits matched disclosed turnover. Applying the principle that documented reconciliations can explain bank credits, the Tribunal concluded the Section 69A addition lacked basis and deleted the addition, allowing the appeal in favour of the assessee. Case-Laws Income Tax Thu, 05 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787574