https://www.taxtmi.com/caselaws?id=377181 Income from pisciculture may be estimated on a reasonable basis using CBDT guidance and surrounding facts; here, 70% of the water spread area at Rs. 15,000 per acre was upheld. Cash deposits were treated as unexplained because the assessee produced no supporting bills, vouchers, crop details, sale particulars, adangal, or other evidence to establish an agricultural or loan source. After rejection of the books and estimation of income, a separate cash deficit addition based on the same books could not survive without independent material, so that addition was deleted. en-us Fri, 22 Mar 2019 00:00:00 +0530 Mon, 05 Aug 2019 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377181 Income from pisciculture may be estimated on a reasonable basis using CBDT guidance and surrounding facts; here, 70% of the water spread area at Rs. 15,000 per acre was upheld. Cash deposits were treated as unexplained because the assessee produced no supporting bills, vouchers, crop details, sale particulars, adangal, or other evidence to establish an agricultural or loan source. After rejection of the books and estimation of income, a separate cash deficit addition based on the same books could not survive without independent material, so that addition was deleted. Case-Laws Income Tax Fri, 22 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377181