https://www.taxtmi.com/caselaws?id=468974 Section 69A could not be applied to cash deposits recorded in the books and supported by customer ledger and allied records, because the assessee explained them as business receipts and the Revenue failed to show that the deposits were unaccounted money or that the explanation was unsatisfactory. The statutory preconditions for treating the amount as unexplained money were therefore not satisfied, and the addition was deleted in favour of the assessee. en-us Thu, 05 Mar 2026 00:00:00 +0530 Wed, 27 May 2026 11:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468974 Section 69A could not be applied to cash deposits recorded in the books and supported by customer ledger and allied records, because the assessee explained them as business receipts and the Revenue failed to show that the deposits were unaccounted money or that the explanation was unsatisfactory. The statutory preconditions for treating the amount as unexplained money were therefore not satisfied, and the addition was deleted in favour of the assessee. Case-Laws Income Tax Thu, 05 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468974