https://www.taxtmi.com/caselaws?id=468849 Documentary evidence showing that cash deposits came from refunded share application money and accumulated cash balances was accepted as sufficient explanation for the source of funds. The record included cash books, audited financial statements, income-tax return details, and a reply under section 133(6), which supported the genuineness of the cash balance. Retaining cash for a long period, by itself, was held insufficient to justify treating the deposit as unexplained money. The addition under section 69A read with section 115BBE was deleted in favour of the assessee. en-us Tue, 11 Feb 2025 00:00:00 +0530 Fri, 22 May 2026 19:11:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468849 Documentary evidence showing that cash deposits came from refunded share application money and accumulated cash balances was accepted as sufficient explanation for the source of funds. The record included cash books, audited financial statements, income-tax return details, and a reply under section 133(6), which supported the genuineness of the cash balance. Retaining cash for a long period, by itself, was held insufficient to justify treating the deposit as unexplained money. The addition under section 69A read with section 115BBE was deleted in favour of the assessee. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468849