https://www.taxtmi.com/caselaws?id=444544 The Tribunal partially allowed the appeal, directing that only the Gross Profit rate on the cash deposit in the Saving Bank Account be added to the total income of the assessee. The Tribunal found that the cash deposit was accounted for in the books as sales proceeds, thus not qualifying as unexplained money under section 69A. However, due to incomplete details regarding the business turnover, the Tribunal deemed it appropriate to add the Gross Profit rate on the deposit as undisclosed turnover to the total income. en-us Thu, 22 Jun 2023 00:00:00 +0530 Wed, 18 Oct 2023 07:42:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444544 The Tribunal partially allowed the appeal, directing that only the Gross Profit rate on the cash deposit in the Saving Bank Account be added to the total income of the assessee. The Tribunal found that the cash deposit was accounted for in the books as sales proceeds, thus not qualifying as unexplained money under section 69A. However, due to incomplete details regarding the business turnover, the Tribunal deemed it appropriate to add the Gross Profit rate on the deposit as undisclosed turnover to the total income. Case-Laws Income Tax Thu, 22 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444544