https://www.taxtmi.com/caselaws?id=756659 The Tribunal partly allowed the appeal, acknowledging the explained cash balance during demonetization while confirming unexplained cash deposits due to insufficient evidence. It also adjusted the estimated net profit rate from 5% to 2% on total turnover, aligning with historical data and industry norms, thus providing partial relief to the assessee. en-us Mon, 05 Aug 2024 00:00:00 +0530 Wed, 07 Aug 2024 06:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756659 The Tribunal partly allowed the appeal, acknowledging the explained cash balance during demonetization while confirming unexplained cash deposits due to insufficient evidence. It also adjusted the estimated net profit rate from 5% to 2% on total turnover, aligning with historical data and industry norms, thus providing partial relief to the assessee. Case-Laws Income Tax Mon, 05 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756659