https://www.taxtmi.com/caselaws?id=794540 Cash deposits were not to be treated as unexplained money under section 69A where the assessee produced bank statements showing prior cash withdrawals and later redeposits. The Tribunal found that the revenue did not dispute the withdrawals or establish that the withdrawn cash had been used elsewhere or invested in another asset. The explanation that the deposits represented redeposit of earlier cash, including amounts withdrawn for medical expenses, was therefore supported by the available evidence. The addition under section 69A was deleted. en-us Wed, 01 Jul 2026 00:00:00 +0530 Tue, 07 Jul 2026 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794540 Cash deposits were not to be treated as unexplained money under section 69A where the assessee produced bank statements showing prior cash withdrawals and later redeposits. The Tribunal found that the revenue did not dispute the withdrawals or establish that the withdrawn cash had been used elsewhere or invested in another asset. The explanation that the deposits represented redeposit of earlier cash, including amounts withdrawn for medical expenses, was therefore supported by the available evidence. The addition under section 69A was deleted. Case-Laws Income Tax Wed, 01 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794540