https://www.taxtmi.com/caselaws?id=791201 Bank credits and cash deposits could not be treated as unexplained money under section 69A where the assessee explained them as insurance premium collections, inter-bank transfers, partnership-related transactions, and personal dealings with relatives and friends. The first appellate authority accepted those explanations on the material on record, and the Tribunal noted that the Assessing Officer brought no contrary evidence to displace them. As the receipts were duly explained and nothing remained unaccounted, the addition was held unsustainable and the deletion was upheld in favour of the assessee. en-us Fri, 17 Apr 2026 00:00:00 +0530 Thu, 07 May 2026 07:08:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791201 Bank credits and cash deposits could not be treated as unexplained money under section 69A where the assessee explained them as insurance premium collections, inter-bank transfers, partnership-related transactions, and personal dealings with relatives and friends. The first appellate authority accepted those explanations on the material on record, and the Tribunal noted that the Assessing Officer brought no contrary evidence to displace them. As the receipts were duly explained and nothing remained unaccounted, the addition was held unsustainable and the deletion was upheld in favour of the assessee. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791201