https://www.taxtmi.com/caselaws?id=469966 Cash deposit additions were deleted where the assessee showed that the amount was a distinct, explained receipt and not the same credit considered in an earlier year. For an alleged advance against agreement to sell, only the part supported by statements and documents was accepted; the balance was rejected because the agreement was unreliable and the payer was not produced. A further set-off against cash withdrawals was denied because no credible cash trail proved that the deposits were redeposited withdrawn cash. The note reflects the principle that explained sources cannot be taxed, but unsupported receipts and unproved withdrawal linkage remain taxable. 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=469966 Cash deposit additions were deleted where the assessee showed that the amount was a distinct, explained receipt and not the same credit considered in an earlier year. For an alleged advance against agreement to sell, only the part supported by statements and documents was accepted; the balance was rejected because the agreement was unreliable and the payer was not produced. A further set-off against cash withdrawals was denied because no credible cash trail proved that the deposits were redeposited withdrawn cash. The note reflects the principle that explained sources cannot be taxed, but unsupported receipts and unproved withdrawal linkage remain taxable. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469966