https://www.taxtmi.com/caselaws?id=792851 Cash deposits were treated as explained where the assessee supported them with bank statements, withdrawal details, affidavits, sworn statements, agricultural evidence, and material showing family partition and past savings; the addition was deleted. Ad hoc disallowance of insurance-business expenses was also held unsustainable because the assessee, an LIC agent, showed a business nexus and reasonable expenditure pattern, and the Revenue did not rebut the claim merely for want of vouchers; the disallowance was deleted. en-us Tue, 02 Jun 2026 00:00:00 +0530 Thu, 04 Jun 2026 08:37:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792851 Cash deposits were treated as explained where the assessee supported them with bank statements, withdrawal details, affidavits, sworn statements, agricultural evidence, and material showing family partition and past savings; the addition was deleted. Ad hoc disallowance of insurance-business expenses was also held unsustainable because the assessee, an LIC agent, showed a business nexus and reasonable expenditure pattern, and the Revenue did not rebut the claim merely for want of vouchers; the disallowance was deleted. Case-Laws Income Tax Tue, 02 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792851