https://www.taxtmi.com/caselaws?id=468658 Cash deposits in bank accounts were treated as unexplained money under section 69A because the assessee's explanation was found improbable and unsupported by credible evidence. The assessee claimed the deposits represented repayment of gold loans kept unutilised for a long period after being raised for a proposed business, but the retention of cash for more than 20 months while interest continued to accrue was considered implausible. On those facts, the source of the deposits was not satisfactorily established, and the addition was upheld. en-us Thu, 06 Feb 2025 00:00:00 +0530 Fri, 15 May 2026 20:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468658 Cash deposits in bank accounts were treated as unexplained money under section 69A because the assessee's explanation was found improbable and unsupported by credible evidence. The assessee claimed the deposits represented repayment of gold loans kept unutilised for a long period after being raised for a proposed business, but the retention of cash for more than 20 months while interest continued to accrue was considered implausible. On those facts, the source of the deposits was not satisfactorily established, and the addition was upheld. Case-Laws Income Tax Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468658