https://www.taxtmi.com/caselaws?id=470063 Cash deposits attributed to agricultural rental income of a HUF cannot be treated as unexplained money under Section 69A merely because the HUF lacked an earlier PAN or return declaration. Where ancestral agricultural landholding, cultivators' identities and rental receipts are supported by the record, exempt agricultural income provides an explained source. Section 69A operates through a rebuttable presumption: after ownership is established, the assessee must explain the nature and source of money, while the Revenue must establish the statutory preconditions through cogent material. Additions based only on presumptions or guesswork are unsustainable, including consequential taxation under Section 115BBE. en-us Thu, 13 Mar 2025 00:00:00 +0530 Tue, 14 Jul 2026 19:02:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470063 Cash deposits attributed to agricultural rental income of a HUF cannot be treated as unexplained money under Section 69A merely because the HUF lacked an earlier PAN or return declaration. Where ancestral agricultural landholding, cultivators' identities and rental receipts are supported by the record, exempt agricultural income provides an explained source. Section 69A operates through a rebuttable presumption: after ownership is established, the assessee must explain the nature and source of money, while the Revenue must establish the statutory preconditions through cogent material. Additions based only on presumptions or guesswork are unsustainable, including consequential taxation under Section 115BBE. Case-Laws Income Tax Thu, 13 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470063