https://www.taxtmi.com/forum/issue?id=3451 Under the presumptive taxation deeming regime the prescribed computation governs taxable income; cash withdrawals do not by themselves alter that computation, but unexplained acquisition of assets from receipts can be treated as unexplained income, prompting the assessing officer to seek explanations and make additions to net worth if sources remain unsatisfied. en-us Tue, 27 Sep 2011 02:17:28 +0530 Thu, 23 Jan 2025 15:58:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3451 Under the presumptive taxation deeming regime the prescribed computation governs taxable income; cash withdrawals do not by themselves alter that computation, but unexplained acquisition of assets from receipts can be treated as unexplained income, prompting the assessing officer to seek explanations and make additions to net worth if sources remain unsatisfied. Discussion-Forum Income Tax Tue, 27 Sep 2011 02:17:28 +0530 https://www.taxtmi.com/forum/issue?id=3451