https://www.taxtmi.com/article/detailed?id=10058 Where bank cash deposits are traceable to receipts collected on behalf of third parties and are corroborated by documentary evidence showing subsequent payments to those parties, such deposits are not the assessee's income and additions treating them as unexplained income are inappropriate. Assessing officers must consider commercial realities, trade practices and the scale of the assessee's operations, applying a reasonableness test rather than demanding documentary formality suited to large organizations. en-us Wed, 27 Oct 2021 09:24:31 +0530 Wed, 27 Oct 2021 09:24:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10058 Where bank cash deposits are traceable to receipts collected on behalf of third parties and are corroborated by documentary evidence showing subsequent payments to those parties, such deposits are not the assessee's income and additions treating them as unexplained income are inappropriate. Assessing officers must consider commercial realities, trade practices and the scale of the assessee's operations, applying a reasonableness test rather than demanding documentary formality suited to large organizations. Articles Income Tax Wed, 27 Oct 2021 09:24:31 +0530 https://www.taxtmi.com/article/detailed?id=10058