https://www.taxtmi.com/caselaws?id=792554 An addition under section 69A for opening cash-in-hand was deleted because the assessee gave a plausible explanation that the cash represented withdrawals accumulated from income already offered to tax. The earlier omission of the cash balance in a return did not, by itself, make the later opening balance unexplained. Substantial earlier returned income supported the assessee's financial capacity, while the Revenue relied mainly on presumptions such as the absence of contemporaneous cash expenses, low demonetisation deposits, and non-production of a cash book at assessment. On the record, the assessee discharged the onus and the addition was not sustainable. en-us Fri, 24 Apr 2026 00:00:00 +0530 Sat, 30 May 2026 08:29:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792554 An addition under section 69A for opening cash-in-hand was deleted because the assessee gave a plausible explanation that the cash represented withdrawals accumulated from income already offered to tax. The earlier omission of the cash balance in a return did not, by itself, make the later opening balance unexplained. Substantial earlier returned income supported the assessee's financial capacity, while the Revenue relied mainly on presumptions such as the absence of contemporaneous cash expenses, low demonetisation deposits, and non-production of a cash book at assessment. On the record, the assessee discharged the onus and the addition was not sustainable. Case-Laws Income Tax Fri, 24 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792554