https://www.taxtmi.com/caselaws?id=787795 Addition under Section 69A was sustained where the Assessing Officer established that numerous bank accounts were opened by introducers, withdrawals were effected by those introducers and purported account-holders were untraceable or disclaimed knowledge. The assessee's cheque discounting explanation and claim that sums were passed to workers for commission lacked documentary proof and failed to explain the nature and source of the funds. Consequently, unexplained withdrawals were treated as deemed income under Section 69A and the addition was upheld in revenue's favour. en-us Mon, 09 Mar 2026 00:00:00 +0530 Tue, 10 Mar 2026 10:58:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787795 Addition under Section 69A was sustained where the Assessing Officer established that numerous bank accounts were opened by introducers, withdrawals were effected by those introducers and purported account-holders were untraceable or disclaimed knowledge. The assessee's cheque discounting explanation and claim that sums were passed to workers for commission lacked documentary proof and failed to explain the nature and source of the funds. Consequently, unexplained withdrawals were treated as deemed income under Section 69A and the addition was upheld in revenue's favour. Case-Laws Income Tax Mon, 09 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787795