https://www.taxtmi.com/caselaws?id=470130 Cash deposits were examined under the unexplained-money provision in light of vehicle-sale invoices, bank statements and evidence of the taxpayer's daughter's wedding. The material showed that the deposits represented consideration received from vehicle sales intended to meet wedding expenses, while the pattern of deposits and subsequent withdrawals was consistent with that source. The deposits were therefore treated as satisfactorily explained rather than unexplained money, and the addition was deleted. en-us Mon, 17 Mar 2025 00:00:00 +0530 Thu, 16 Jul 2026 19:02:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470130 Cash deposits were examined under the unexplained-money provision in light of vehicle-sale invoices, bank statements and evidence of the taxpayer's daughter's wedding. The material showed that the deposits represented consideration received from vehicle sales intended to meet wedding expenses, while the pattern of deposits and subsequent withdrawals was consistent with that source. The deposits were therefore treated as satisfactorily explained rather than unexplained money, and the addition was deleted. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470130