https://www.taxtmi.com/caselaws?id=470098 An addition for unexplained money under Section 69A requires a factual foundation linking the assessee to the alleged receipt. The Assessing Officer did not identify the date of the purported transaction or produce material establishing any transaction with the alleged payer. The assessee's bank statement showed no receipt from that entity, but this evidence was ignored. As the initial burden to establish the nature and occurrence of the alleged transaction was not discharged, deletion of the addition was sustained in favour of the assessee. en-us Mon, 17 Mar 2025 00:00:00 +0530 Wed, 15 Jul 2026 18:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470098 An addition for unexplained money under Section 69A requires a factual foundation linking the assessee to the alleged receipt. The Assessing Officer did not identify the date of the purported transaction or produce material establishing any transaction with the alleged payer. The assessee's bank statement showed no receipt from that entity, but this evidence was ignored. As the initial burden to establish the nature and occurrence of the alleged transaction was not discharged, deletion of the addition was sustained in favour of the assessee. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470098