https://www.taxtmi.com/caselaws?id=469041 Cash deposits were examined as unexplained money under section 69A of the Income-tax Act, 1961, but the assessee supported the source with bank statements, cash book and related records showing cash withdrawals and redeposits in the course of a money transfer agency business. The documentary evidence showed a consistent cash movement pattern, and the Revenue did not establish any discrepancy, fabrication or defect in the books. As the books were not rejected under section 145 and the related commission income from the same transactions was accepted, the addition under section 69A was held unsustainable and was deleted in favour of the assessee. en-us Wed, 26 Nov 2025 00:00:00 +0530 Sat, 30 May 2026 14:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469041 Cash deposits were examined as unexplained money under section 69A of the Income-tax Act, 1961, but the assessee supported the source with bank statements, cash book and related records showing cash withdrawals and redeposits in the course of a money transfer agency business. The documentary evidence showed a consistent cash movement pattern, and the Revenue did not establish any discrepancy, fabrication or defect in the books. As the books were not rejected under section 145 and the related commission income from the same transactions was accepted, the addition under section 69A was held unsustainable and was deleted in favour of the assessee. Case-Laws Income Tax Wed, 26 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469041