https://www.taxtmi.com/caselaws?id=794921 Cash withdrawals from a bank account should not be treated as unexplained money under Section 69A where the account holder acts only as an authorised sub-agent and intermediary. Bank statements, day books, ledger accounts and Form 26AS may establish that receipts were remitted by foreign exchange entities for onward disbursal to beneficiaries after KYC verification. Where the intermediary's own income is limited to commission, subject to tax deduction under Section 194H, and no evidence shows beneficial ownership of the funds, the receipts are not attributable to the intermediary as unexplained money. Section 69A concerns unexplained money owned by the assessee and does not ordinarily support an addition based solely on cash withdrawals from the assessee's account. en-us Fri, 10 Jul 2026 00:00:00 +0530 Tue, 14 Jul 2026 08:26:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794921 Cash withdrawals from a bank account should not be treated as unexplained money under Section 69A where the account holder acts only as an authorised sub-agent and intermediary. Bank statements, day books, ledger accounts and Form 26AS may establish that receipts were remitted by foreign exchange entities for onward disbursal to beneficiaries after KYC verification. Where the intermediary's own income is limited to commission, subject to tax deduction under Section 194H, and no evidence shows beneficial ownership of the funds, the receipts are not attributable to the intermediary as unexplained money. Section 69A concerns unexplained money owned by the assessee and does not ordinarily support an addition based solely on cash withdrawals from the assessee's account. Case-Laws Income Tax Fri, 10 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794921