https://www.taxtmi.com/caselaws?id=461646 ITAT Ahmedabad held that cash deposits in bank account could not be entirely treated as undisclosed income. The deceased assessee had agricultural income of Rs.10 lakhs and received cash from agricultural land sale. Considering the assessee's income capacity and practical difficulties in examining 12-year-old transactions, the tribunal determined Rs.30 lakhs as legitimate cash in hand, treating the remainder as undisclosed income. The appeal regarding Section 115BBE was allowed following the precedent in S.MI.L.E Microfinance Limited case. en-us Fri, 03 Jan 2025 00:00:00 +0530 Thu, 17 Apr 2025 10:51:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461646 ITAT Ahmedabad held that cash deposits in bank account could not be entirely treated as undisclosed income. The deceased assessee had agricultural income of Rs.10 lakhs and received cash from agricultural land sale. Considering the assessee's income capacity and practical difficulties in examining 12-year-old transactions, the tribunal determined Rs.30 lakhs as legitimate cash in hand, treating the remainder as undisclosed income. The appeal regarding Section 115BBE was allowed following the precedent in S.MI.L.E Microfinance Limited case. Case-Laws Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461646