https://www.taxtmi.com/caselaws?id=472124 Cash deposits in a bank account could not be assessed as unexplained money of a dissolved partnership firm under section 69A where bank confirmations showed that, after dissolution, the account was operated by its proprietor. Continued linkage of the former firm's PAN to the account did not establish that the deposits belonged to that firm. As the deposits had already been examined in the proprietor's assessment and accepted as cash sales, taxing them again in the dissolved firm's hands would result in double taxation; the unexplained-money addition was therefore unsustainable. en-us Tue, 05 Mar 2024 00:00:00 +0530 Wed, 30 Sep 2026 10:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472124 Cash deposits in a bank account could not be assessed as unexplained money of a dissolved partnership firm under section 69A where bank confirmations showed that, after dissolution, the account was operated by its proprietor. Continued linkage of the former firm's PAN to the account did not establish that the deposits belonged to that firm. As the deposits had already been examined in the proprietor's assessment and accepted as cash sales, taxing them again in the dissolved firm's hands would result in double taxation; the unexplained-money addition was therefore unsustainable. Case-Laws Income Tax Tue, 05 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472124