https://www.taxtmi.com/caselaws?id=791513 Cash and credit entries in an assessee's bank accounts were held not to be unexplained money under section 69A where the assessee acted as a Business Correspondent Agent and produced authorisation, bank statements, a transaction chart, and supporting material showing that customer collections were transferred onward, leaving only commission income. The Tribunal found that the deposited sums were received for transmission in the course of agency activity and were not owned by the assessee. As the statutory precondition for section 69A-assessee's ownership of unexplained money-was not met, the addition of the aggregated amount was deleted. en-us Fri, 27 Mar 2026 00:00:00 +0530 Wed, 13 May 2026 08:36:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791513 Cash and credit entries in an assessee's bank accounts were held not to be unexplained money under section 69A where the assessee acted as a Business Correspondent Agent and produced authorisation, bank statements, a transaction chart, and supporting material showing that customer collections were transferred onward, leaving only commission income. The Tribunal found that the deposited sums were received for transmission in the course of agency activity and were not owned by the assessee. As the statutory precondition for section 69A-assessee's ownership of unexplained money-was not met, the addition of the aggregated amount was deleted. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791513