https://www.taxtmi.com/caselaws?id=789829 Cash deposits in a vegetable trader's bank account were treated as explainable business receipts where the assessee's return under presumptive taxation was accepted and the declared turnover was consistent with the deposits. Because the Assessing Officer had accepted the assessee's vegetable business and no alternative cash source or other cash activity was shown, attribution of the deposits as unexplained income was found unsustainable. The addition under section 69A was therefore deleted, on the stated facts, in favour of the assessee. en-us Thu, 19 Mar 2026 00:00:00 +0530 Wed, 15 Apr 2026 09:05:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789829 Cash deposits in a vegetable trader's bank account were treated as explainable business receipts where the assessee's return under presumptive taxation was accepted and the declared turnover was consistent with the deposits. Because the Assessing Officer had accepted the assessee's vegetable business and no alternative cash source or other cash activity was shown, attribution of the deposits as unexplained income was found unsustainable. The addition under section 69A was therefore deleted, on the stated facts, in favour of the assessee. Case-Laws Income Tax Thu, 19 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789829