https://www.taxtmi.com/caselaws?id=800323 Section 69 applies to investments not recorded in the taxpayer's books and does not permit aggregate bank credits to be treated automatically as unexplained investments without identifying an unrecorded asset or investment. Where date-wise cash transactions are furnished, withdrawals are followed by deposits, and debit entries substantially correspond with credits, the bank-account pattern may show circulation of funds rather than undisclosed investment. On those facts, the addition based on aggregate cash deposits and other bank credits was deleted, with only a nominal closing balance remaining unexplained. en-us Wed, 23 Sep 2026 00:00:00 +0530 Mon, 05 Oct 2026 08:13:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800323 Section 69 applies to investments not recorded in the taxpayer's books and does not permit aggregate bank credits to be treated automatically as unexplained investments without identifying an unrecorded asset or investment. Where date-wise cash transactions are furnished, withdrawals are followed by deposits, and debit entries substantially correspond with credits, the bank-account pattern may show circulation of funds rather than undisclosed investment. On those facts, the addition based on aggregate cash deposits and other bank credits was deleted, with only a nominal closing balance remaining unexplained. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800323