https://www.taxtmi.com/caselaws?id=430482 The ITAT partially allowed the appeal by reversing the addition of estimated net profit, setting aside the addition of unexplained cash deposits for fresh adjudication, and restricting the addition for low household withdrawals. The ITAT directed the AO to delete the net profit addition, provide the assessee with an opportunity to explain the cash deposits, and limited the disallowance for household withdrawals to Rs. 25,000. en-us Tue, 16 Aug 2022 00:00:00 +0530 Mon, 21 Nov 2022 09:52:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430482 The ITAT partially allowed the appeal by reversing the addition of estimated net profit, setting aside the addition of unexplained cash deposits for fresh adjudication, and restricting the addition for low household withdrawals. The ITAT directed the AO to delete the net profit addition, provide the assessee with an opportunity to explain the cash deposits, and limited the disallowance for household withdrawals to Rs. 25,000. Case-Laws Income Tax Tue, 16 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430482