https://www.taxtmi.com/caselaws?id=468620 A bank credit treated as unexplained money under section 69A was deleted where the assessee produced a bank statement, confirmation and PAN details showing that the entry was a banking-channel transfer representing repayment of an earlier cheque advance. The Tribunal also noted that the assessment had been selected under limited scrutiny for cash deposits during demonetisation, but no prior approval was shown for enlarging that mandate to the impugned credit entry. Because the first appellate authority did not undertake verification under section 250(4) or call for a remand report, and the ingredients of unexplained money were not established, the addition was unsustainable. en-us Fri, 07 Feb 2025 00:00:00 +0530 Thu, 14 May 2026 19:45:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468620 A bank credit treated as unexplained money under section 69A was deleted where the assessee produced a bank statement, confirmation and PAN details showing that the entry was a banking-channel transfer representing repayment of an earlier cheque advance. The Tribunal also noted that the assessment had been selected under limited scrutiny for cash deposits during demonetisation, but no prior approval was shown for enlarging that mandate to the impugned credit entry. Because the first appellate authority did not undertake verification under section 250(4) or call for a remand report, and the ingredients of unexplained money were not established, the addition was unsustainable. Case-Laws Income Tax Fri, 07 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468620