https://www.taxtmi.com/highlights?id=75639 Taxability of cash deposits as unexplained u/s 69A r.w.s. u/s. 115BBE - The Tribunal found that the cash deposits made by the appellant during the demonetization period were unexplained. - Held that the deposits constitute turnover of the appellant's business and taxed them at a rate of 3.5%. - Directed the Assessing Officer to tax the turnover under normal rates instead of under section 115BBE of the Act. en-us Wed, 13 Mar 2024 08:40:29 +0530 Wed, 13 Mar 2024 08:40:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75639 Taxability of cash deposits as unexplained u/s 69A r.w.s. u/s. 115BBE - The Tribunal found that the cash deposits made by the appellant during the demonetization period were unexplained. - Held that the deposits constitute turnover of the appellant's business and taxed them at a rate of 3.5%. - Directed the Assessing Officer to tax the turnover under normal rates instead of under section 115BBE of the Act. Highlights Income Tax Wed, 13 Mar 2024 08:40:29 +0530 https://www.taxtmi.com/highlights?id=75639