https://www.taxtmi.com/caselaws?id=425841 The Tribunal allowed the appeal, deleting the addition of Rs. 18,66,000 to the assessee's income for unexplained cash deposits, as the assessee, being a small businessman, faced practical challenges in maintaining detailed records and was likely dealing predominantly in cash. The Tribunal found it unreasonable to expect the assessee to provide evidence of cash turnover after six years, attributing the entire cash deposits to the business receipts. The judgment was pronounced on 30-06-2022. en-us Thu, 30 Jun 2022 00:00:00 +0530 Tue, 02 Aug 2022 09:44:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425841 The Tribunal allowed the appeal, deleting the addition of Rs. 18,66,000 to the assessee's income for unexplained cash deposits, as the assessee, being a small businessman, faced practical challenges in maintaining detailed records and was likely dealing predominantly in cash. The Tribunal found it unreasonable to expect the assessee to provide evidence of cash turnover after six years, attributing the entire cash deposits to the business receipts. The judgment was pronounced on 30-06-2022. Case-Laws Income Tax Thu, 30 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425841