https://www.taxtmi.com/caselaws?id=345543 The Tribunal partly allowed the assessee's appeals by confirming the application of a 12% net profit rate for estimating business income and deleting the additions of unexplained cash deposits for both assessment years. The Tribunal found that the revenue authorities failed to disprove the explanation provided by the assessee regarding the cash deposits, leading to the deletion of the additions for the respective years. en-us Tue, 08 Nov 2016 00:00:00 +0530 Thu, 20 Jul 2017 07:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345543 The Tribunal partly allowed the assessee's appeals by confirming the application of a 12% net profit rate for estimating business income and deleting the additions of unexplained cash deposits for both assessment years. The Tribunal found that the revenue authorities failed to disprove the explanation provided by the assessee regarding the cash deposits, leading to the deletion of the additions for the respective years. Case-Laws Income Tax Tue, 08 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345543