https://www.taxtmi.com/caselaws?id=472484 Cash deposits in a bank account omitted from financial statements may be assessed as unexplained investment where the taxpayer fails to establish a credible source. Source evidence that does not withstand verification, including agreements containing dates inconsistent with the claimed transaction period, does not satisfactorily explain the deposits. Section 69 therefore applies to deposits for which no reliable explanation is proved. en-us Tue, 22 Apr 2025 00:00:00 +0530 Wed, 14 Oct 2026 06:16:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472484 Cash deposits in a bank account omitted from financial statements may be assessed as unexplained investment where the taxpayer fails to establish a credible source. Source evidence that does not withstand verification, including agreements containing dates inconsistent with the claimed transaction period, does not satisfactorily explain the deposits. Section 69 therefore applies to deposits for which no reliable explanation is proved. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472484