https://www.taxtmi.com/highlights?id=85041 ITAT partly allowed assessee's appeal. Rejected books of accounts u/s 145(3) but accepted sales of Rs. 1.24 crores based on bills and vouchers filed. Estimated net profit at 5% of sales. Cash deposits of Rs. 57.25 lacs during demonetization period accepted as explained money, remaining treated as unexplained u/s 69A. Addition restricted to 5% of gross profit. Overall, assessee's appeal partly allowed. en-us Tue, 21 Jan 2025 09:16:26 +0530 Tue, 21 Jan 2025 09:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=85041 ITAT partly allowed assessee's appeal. Rejected books of accounts u/s 145(3) but accepted sales of Rs. 1.24 crores based on bills and vouchers filed. Estimated net profit at 5% of sales. Cash deposits of Rs. 57.25 lacs during demonetization period accepted as explained money, remaining treated as unexplained u/s 69A. Addition restricted to 5% of gross profit. Overall, assessee's appeal partly allowed. Highlights Income Tax Tue, 21 Jan 2025 09:16:26 +0530 https://www.taxtmi.com/highlights?id=85041