Failure to Prove Cash Source Justifies Addition Under Section 69A: ITAT Hyderabad

Krishnakumar Manda Vs DCIT (ITAT Hyderabad) Cash Deposits & Unexplained Investment Sink Assessee: Hyderabad ITAT Upholds Additions u/s 69/69A and Mandatory Penalty u/s 271AAC Hyderabad ITAT (Bench “A”) in Shri Krishnakumar Manda vs. DCIT, Circle-12(1), Hyderabad (ITA Nos.1016 & 1017/Hyd/2025, AY 2021-22, order dated 19.12.2025) dismissed both the quantum appeal and the penalty appeal of the assessee. In the quantum appeal, the Tribunal upheld addition of ₹38.02 lakh towards cash deposits, holding that the assessee failed to prove that the deposits were out of earlier withdrawals;...