https://www.taxtmi.com/caselaws?id=789183 Cash deposits in a bank account are not to be taxed as unexplained money under section 69A where the surrounding banking pattern and regular business activity reasonably explain the source and use of funds. The assessee showed continuing labour and construction business, with regular deposits and corresponding withdrawals from the same account, and the withdrawals were stated to have been used for business expenditure or investment purposes. On that material, the credited amounts were not treated as independent unexplained accretions or undisclosed income, and the addition based on the deposits was deleted. en-us Thu, 26 Feb 2026 00:00:00 +0530 Sat, 04 Apr 2026 08:53:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789183 Cash deposits in a bank account are not to be taxed as unexplained money under section 69A where the surrounding banking pattern and regular business activity reasonably explain the source and use of funds. The assessee showed continuing labour and construction business, with regular deposits and corresponding withdrawals from the same account, and the withdrawals were stated to have been used for business expenditure or investment purposes. On that material, the credited amounts were not treated as independent unexplained accretions or undisclosed income, and the addition based on the deposits was deleted. Case-Laws Income Tax Thu, 26 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789183