https://www.taxtmi.com/caselaws?id=471041 Cash deposits were treated as satisfactorily explained where cash-flow statements, bank summaries and passbook entries established sufficient opening cash balances and cash receipts for each relevant assessment year. In the absence of material discrediting the stated sources or showing concealment, the deposits could not be characterised as unexplained money. The proposed addition was therefore not sustainable, and the issue was resolved in favour of the assessee. en-us Tue, 01 Apr 2025 00:00:00 +0530 Tue, 18 Aug 2026 21:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471041 Cash deposits were treated as satisfactorily explained where cash-flow statements, bank summaries and passbook entries established sufficient opening cash balances and cash receipts for each relevant assessment year. In the absence of material discrediting the stated sources or showing concealment, the deposits could not be characterised as unexplained money. The proposed addition was therefore not sustainable, and the issue was resolved in favour of the assessee. Case-Laws Income Tax Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471041