https://www.taxtmi.com/caselaws?id=469968 Cash deposits in the bank account were held to be explained by contemporaneous evidence of business receipts, including payments to Idea Cellular Ltd. and commission income reflected in Form 26AS with TDS. On that material, the deposits were treated as turnover from sale of recharge coupons rather than income from undisclosed sources, and the addition was deleted. Mere absence of a formal agreement was insufficient where the surrounding records supported the assessee's explanation. en-us Wed, 12 Mar 2025 00:00:00 +0530 Fri, 10 Jul 2026 22:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469968 Cash deposits in the bank account were held to be explained by contemporaneous evidence of business receipts, including payments to Idea Cellular Ltd. and commission income reflected in Form 26AS with TDS. On that material, the deposits were treated as turnover from sale of recharge coupons rather than income from undisclosed sources, and the addition was deleted. Mere absence of a formal agreement was insufficient where the surrounding records supported the assessee's explanation. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469968