https://www.taxtmi.com/caselaws?id=793470 Cash deposits in the assessee's bank accounts were held not to be unexplained money under section 69A where bank statements, challans and an affidavit showed the amounts were collected from clients only to remit their statutory tax dues. Matching debits in the accounts corresponded to payments made to government authorities, supporting the finding that the assessee acted merely as a conduit and that the deposits were not its own income. The addition treating the credits as unexplained was therefore deleted. en-us Mon, 11 May 2026 00:00:00 +0530 Wed, 17 Jun 2026 07:46:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793470 Cash deposits in the assessee's bank accounts were held not to be unexplained money under section 69A where bank statements, challans and an affidavit showed the amounts were collected from clients only to remit their statutory tax dues. Matching debits in the accounts corresponded to payments made to government authorities, supporting the finding that the assessee acted merely as a conduit and that the deposits were not its own income. The addition treating the credits as unexplained was therefore deleted. Case-Laws Income Tax Mon, 11 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793470