https://www.taxtmi.com/caselaws?id=332433 Cash deposits in a bank account were held not to justify addition of the entire amount as unexplained income where the assessee, a salaried employee, had allowed his brother to operate the account for business dealings and the record showed the deposits were not his own business receipts. The proper course was to tax only the income element embedded in the deposits. On that basis, the Tribunal found estimation at 8% of total deposits reasonable and consistent with the brother's case, and the full addition was not sustained. en-us Fri, 05 Aug 2016 00:00:00 +0530 Sat, 17 Sep 2016 11:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332433 Cash deposits in a bank account were held not to justify addition of the entire amount as unexplained income where the assessee, a salaried employee, had allowed his brother to operate the account for business dealings and the record showed the deposits were not his own business receipts. The proper course was to tax only the income element embedded in the deposits. On that basis, the Tribunal found estimation at 8% of total deposits reasonable and consistent with the brother's case, and the full addition was not sustained. Case-Laws Income Tax Fri, 05 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332433