https://www.taxtmi.com/caselaws?id=788034 Addition under Section 68 treating large cash deposits as unexplained income was rejected where the taxpayer produced a consistent business-correspondent model explanation, documentary records, journal entries and sample transaction tests showing receipt of customer cash and onward transfers via intermediaries, and the assessing officer failed to demonstrate specific defects in books or contrary material; independently, alleged procedural lapses under Section 144B and denial of adequate hearing were found to vitiate the assessment process, reinforcing deletion of the addition and resulting in allowance of the assessee's challenge. en-us Mon, 23 Feb 2026 00:00:00 +0530 Mon, 16 Mar 2026 08:42:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788034 Addition under Section 68 treating large cash deposits as unexplained income was rejected where the taxpayer produced a consistent business-correspondent model explanation, documentary records, journal entries and sample transaction tests showing receipt of customer cash and onward transfers via intermediaries, and the assessing officer failed to demonstrate specific defects in books or contrary material; independently, alleged procedural lapses under Section 144B and denial of adequate hearing were found to vitiate the assessment process, reinforcing deletion of the addition and resulting in allowance of the assessee's challenge. Case-Laws Income Tax Mon, 23 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788034