₹4.24 Crore Received from Brother Treated as Unexplained Cash Credit: ITAT Upholds CIT(A) Deletion Citing Documentary and Third-Party Evidence

The ITAT has upheld a CITA deletion, ruling that a ₹4.24 crore receipt from a brother, which was treated as an "unexplained cash credit," was legitimate due to sufficient evidence. The tribunal's decision provides a significant victory for the taxpayer. The ruling clarifies that a tax authority cannot add an income to a taxpayer's account without a valid reason.