https://www.taxtmi.com/caselaws?id=792119 Cash deposits in bank accounts could not be assessed as unexplained income where the assessee supported the explanation with books of account, audit report, cash book, bank book, cash flow statement, sales register, tractor registration details and supplier ledger. The records showed that the deposits arose from cash generated through tractor sales and were applied for business purchases. The remand report did not discredit the deposits or identify defects in the documentary evidence, and no effective bank inquiry or further verification was undertaken by the department. On that basis, the addition under section 69A was held unsustainable and the deletion was upheld. en-us Tue, 21 Apr 2026 00:00:00 +0530 Sat, 23 May 2026 08:27:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792119 Cash deposits in bank accounts could not be assessed as unexplained income where the assessee supported the explanation with books of account, audit report, cash book, bank book, cash flow statement, sales register, tractor registration details and supplier ledger. The records showed that the deposits arose from cash generated through tractor sales and were applied for business purchases. The remand report did not discredit the deposits or identify defects in the documentary evidence, and no effective bank inquiry or further verification was undertaken by the department. On that basis, the addition under section 69A was held unsustainable and the deletion was upheld. Case-Laws Income Tax Tue, 21 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792119