https://www.taxtmi.com/caselaws?id=790040 Cash deposit additions require fresh examination where the assessee produces a plausible source explanation supported by additional evidence. The assessee explained the balance deposit through loans from friends and relatives and agricultural income, and affidavits were filed before the Tribunal for the first time. In view of the assessee's profile as a senior citizen, retired government servant and agriculturist, the disputed source of funds was sent back for reassessment, with directions to allow a reasonable opportunity to file supporting material. The addition was therefore restored to the Assessing Officer for fresh adjudication. en-us Mon, 23 Mar 2026 00:00:00 +0530 Sat, 18 Apr 2026 08:22:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790040 Cash deposit additions require fresh examination where the assessee produces a plausible source explanation supported by additional evidence. The assessee explained the balance deposit through loans from friends and relatives and agricultural income, and affidavits were filed before the Tribunal for the first time. In view of the assessee's profile as a senior citizen, retired government servant and agriculturist, the disputed source of funds was sent back for reassessment, with directions to allow a reasonable opportunity to file supporting material. The addition was therefore restored to the Assessing Officer for fresh adjudication. Case-Laws Income Tax Mon, 23 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790040