https://www.taxtmi.com/caselaws?id=469017 Cash deposits in a bank account were not treated as unexplained income where they were preceded by substantial withdrawals from the same account and redeposited within a short span. The absence of material showing diversion of the withdrawn cash for any other purpose meant that mere lapse of time between withdrawal and redeposit was insufficient to justify an addition. On that factual basis, the deposits were accepted as explained and the addition under section 69A was deleted in favour of the assessee. en-us Mon, 10 Nov 2025 00:00:00 +0530 Fri, 29 May 2026 19:02:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469017 Cash deposits in a bank account were not treated as unexplained income where they were preceded by substantial withdrawals from the same account and redeposited within a short span. The absence of material showing diversion of the withdrawn cash for any other purpose meant that mere lapse of time between withdrawal and redeposit was insufficient to justify an addition. On that factual basis, the deposits were accepted as explained and the addition under section 69A was deleted in favour of the assessee. Case-Laws Income Tax Mon, 10 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469017