https://www.taxtmi.com/caselaws?id=793155 Cash deposits can be treated as unexplained money under section 69A only where the assessee fails to substantiate the source with credible material. Here, the assessee supported the deposits with bank statements, confirmations and a consistent trail showing refunds of earlier advances paid for proposed property purchase; the Revenue did not disprove the advances, show the confirmations false, or conduct meaningful independent enquiry. On these facts, the initial burden was held to be discharged and mere suspicion was insufficient to sustain the addition, so the addition under section 69A was deleted. en-us Tue, 03 Mar 2026 00:00:00 +0530 Wed, 10 Jun 2026 07:26:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793155 Cash deposits can be treated as unexplained money under section 69A only where the assessee fails to substantiate the source with credible material. Here, the assessee supported the deposits with bank statements, confirmations and a consistent trail showing refunds of earlier advances paid for proposed property purchase; the Revenue did not disprove the advances, show the confirmations false, or conduct meaningful independent enquiry. On these facts, the initial burden was held to be discharged and mere suspicion was insufficient to sustain the addition, so the addition under section 69A was deleted. Case-Laws Income Tax Tue, 03 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793155