https://www.taxtmi.com/caselaws?id=791681 Cash collected by an assessee in agency business and promptly remitted to principal companies was held to be a pass-through receipt, not unexplained money under section 69A. The decisive factors were that the collections came from retailers and customers on behalf of principals, were deposited in the bank for operational convenience, and were transferred without abnormal delay. Only the nominal commission retained by the assessee, which had already been offered to tax, constituted taxable income. In the absence of any adverse finding challenging the existence or genuineness of the principal companies, the gross cash deposits could not be added as the assessee's income. en-us Wed, 08 Apr 2026 00:00:00 +0530 Fri, 15 May 2026 09:15:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791681 Cash collected by an assessee in agency business and promptly remitted to principal companies was held to be a pass-through receipt, not unexplained money under section 69A. The decisive factors were that the collections came from retailers and customers on behalf of principals, were deposited in the bank for operational convenience, and were transferred without abnormal delay. Only the nominal commission retained by the assessee, which had already been offered to tax, constituted taxable income. In the absence of any adverse finding challenging the existence or genuineness of the principal companies, the gross cash deposits could not be added as the assessee's income. Case-Laws Income Tax Wed, 08 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791681