https://www.taxtmi.com/caselaws?id=468579 Cash deposits were not liable to addition under section 69A where the assessee had already disclosed commission income under an income declaration scheme and furnished the names, addresses, PAN details and bank trail of the beneficiary concerns. The bank records showed immediate transfer of the deposited cash to the named beneficiaries, and the assessee's explanation that he had no independent source to make such deposits was supported by the surrounding material. In the absence of any contrary evidence or rebuttal from the Department, treating the entire cash deposits as unexplained income was held to be unjustified and the addition was deleted. en-us Mon, 03 Feb 2025 00:00:00 +0530 Wed, 13 May 2026 21:06:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468579 Cash deposits were not liable to addition under section 69A where the assessee had already disclosed commission income under an income declaration scheme and furnished the names, addresses, PAN details and bank trail of the beneficiary concerns. The bank records showed immediate transfer of the deposited cash to the named beneficiaries, and the assessee's explanation that he had no independent source to make such deposits was supported by the surrounding material. In the absence of any contrary evidence or rebuttal from the Department, treating the entire cash deposits as unexplained income was held to be unjustified and the addition was deleted. Case-Laws Income Tax Mon, 03 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468579