https://www.taxtmi.com/caselaws?id=753359 ITAT Jaipur allowed the appeal in a case involving unexplained cash deposits under section 69A. The assessee, a widow operating a medical retail store while suffering from neurological disease, had incorrectly declared turnover through her accountant. The tribunal admitted additional evidence including ledgers and CA certificate, directing the AO to verify correct turnover against bank statements and tax profit at 8% under section 44AD provisions for retail trade, rather than treating deposits as unexplained money. en-us Wed, 10 Jan 2024 00:00:00 +0530 Fri, 31 May 2024 08:37:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753359 ITAT Jaipur allowed the appeal in a case involving unexplained cash deposits under section 69A. The assessee, a widow operating a medical retail store while suffering from neurological disease, had incorrectly declared turnover through her accountant. The tribunal admitted additional evidence including ledgers and CA certificate, directing the AO to verify correct turnover against bank statements and tax profit at 8% under section 44AD provisions for retail trade, rather than treating deposits as unexplained money. Case-Laws Income Tax Wed, 10 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753359