https://www.taxtmi.com/caselaws?id=469527 The sustained addition for unexplained cash deposit under section 69A was deleted because it rested only on presumption and preponderance of probability, without supporting material or credible evidence. The assessee had disclosed cash-in-hand in the preceding year and sales in the relevant year, and the residual ad hoc amount had no evidentiary basis. The fact that the assessee filed returns under the presumptive taxation scheme under section 44AD also made insistence on books of account for source verification unreasonable on these facts. The issue was decided in favour of the assessee. en-us Fri, 07 Mar 2025 00:00:00 +0530 Sat, 20 Jun 2026 21:58:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469527 The sustained addition for unexplained cash deposit under section 69A was deleted because it rested only on presumption and preponderance of probability, without supporting material or credible evidence. The assessee had disclosed cash-in-hand in the preceding year and sales in the relevant year, and the residual ad hoc amount had no evidentiary basis. The fact that the assessee filed returns under the presumptive taxation scheme under section 44AD also made insistence on books of account for source verification unreasonable on these facts. The issue was decided in favour of the assessee. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469527