https://www.taxtmi.com/caselaws?id=793700 Cash deposits could not be treated as wholly unexplained under section 69A where the assessee supported the deposits with cash book entries, month-wise cash summary, bank withdrawals and an explanation for demonetisation-period deposits. The Tribunal accepted that the negative balances in the cash summary arose from computational or recording errors, and found no material showing that withdrawn cash had been diverted elsewhere. It also held that the alleged geographical mismatch and differences between disclosure figures and bank-account level deposits did not justify sustaining the entire addition. The full addition was therefore reduced, with only a restricted addition of Rs. 5 lakhs upheld and the balance deleted. en-us Fri, 05 Jun 2026 00:00:00 +0530 Mon, 22 Jun 2026 08:39:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793700 Cash deposits could not be treated as wholly unexplained under section 69A where the assessee supported the deposits with cash book entries, month-wise cash summary, bank withdrawals and an explanation for demonetisation-period deposits. The Tribunal accepted that the negative balances in the cash summary arose from computational or recording errors, and found no material showing that withdrawn cash had been diverted elsewhere. It also held that the alleged geographical mismatch and differences between disclosure figures and bank-account level deposits did not justify sustaining the entire addition. The full addition was therefore reduced, with only a restricted addition of Rs. 5 lakhs upheld and the balance deleted. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793700