https://www.taxtmi.com/caselaws?id=755556 Cash deposits examined within the very reason for limited scrutiny do not, by that fact alone, take the assessment beyond jurisdiction where the inquiry stays confined to the selected scrutiny parameter. Unsubstantiated bank deposits may be assessed as unexplained money under section 69A when the assessee does not satisfactorily prove the nature and source or show proper recording in the books. The amended special tax rate under section 115BBE was treated as applicable from assessment year 2017-18, so the challenge to its application for the year in question failed. The additions and resulting tax treatment were sustained. en-us Wed, 24 Jan 2024 00:00:00 +0530 Mon, 15 Jul 2024 08:18:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755556 Cash deposits examined within the very reason for limited scrutiny do not, by that fact alone, take the assessment beyond jurisdiction where the inquiry stays confined to the selected scrutiny parameter. Unsubstantiated bank deposits may be assessed as unexplained money under section 69A when the assessee does not satisfactorily prove the nature and source or show proper recording in the books. The amended special tax rate under section 115BBE was treated as applicable from assessment year 2017-18, so the challenge to its application for the year in question failed. The additions and resulting tax treatment were sustained. Case-Laws Income Tax Wed, 24 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755556