https://www.taxtmi.com/caselaws?id=787612 Where cash withdrawals originate from disclosed bank accounts and the assessee furnishes bank-wise withdrawal records, cash books, site-wise utilisation summaries and vouchers which the revenue does not rebut with specific adverse material, additions under the deeming provision treating such withdrawals as unexplained money are unsustainable; accordingly the contested addition was deleted. Similarly, an unparticularised ad hoc disallowance based on a fixed percentage is impermissible where books and supporting vouchers are produced on remand and no concrete defects are identified; the ad hoc disallowance was deleted. en-us Fri, 23 Jan 2026 00:00:00 +0530 Tue, 10 Mar 2026 08:51:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787612 Where cash withdrawals originate from disclosed bank accounts and the assessee furnishes bank-wise withdrawal records, cash books, site-wise utilisation summaries and vouchers which the revenue does not rebut with specific adverse material, additions under the deeming provision treating such withdrawals as unexplained money are unsustainable; accordingly the contested addition was deleted. Similarly, an unparticularised ad hoc disallowance based on a fixed percentage is impermissible where books and supporting vouchers are produced on remand and no concrete defects are identified; the ad hoc disallowance was deleted. Case-Laws Income Tax Fri, 23 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787612