https://www.taxtmi.com/caselaws?id=794665 Cash deposits in the assessee's bank account were explained through business receipts, cash realised from debtors and redeposit of withdrawn cash, supported by month-wise cash flow statements, debtor details and sale records. The ITAT Raipur found that the Revenue did not independently verify the material or produce contrary evidence to show any undisclosed source. In the absence of rebuttal, the deposits could not be treated as unexplained money under section 69A merely on suspicion or because they were made during the demonetisation period. The addition under section 69A was therefore deleted. en-us Thu, 25 Jun 2026 00:00:00 +0530 Thu, 09 Jul 2026 08:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794665 Cash deposits in the assessee's bank account were explained through business receipts, cash realised from debtors and redeposit of withdrawn cash, supported by month-wise cash flow statements, debtor details and sale records. The ITAT Raipur found that the Revenue did not independently verify the material or produce contrary evidence to show any undisclosed source. In the absence of rebuttal, the deposits could not be treated as unexplained money under section 69A merely on suspicion or because they were made during the demonetisation period. The addition under section 69A was therefore deleted. Case-Laws Income Tax Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794665