https://www.taxtmi.com/caselaws?id=771205 Cash deposits in the assessee's bank account were explained by reference to other income treated as business income in the relevant and preceding years, supported by an affidavit and ledger extract showing agricultural receipts. In the absence of any contrary material, the explanation was accepted and, since presumptive income had also been declared under section 44AD, a separate addition was considered unwarranted. The addition for the bank deposits was therefore deleted in favour of the assessee. en-us Fri, 28 Mar 2025 00:00:00 +0530 Thu, 22 May 2025 08:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771205 Cash deposits in the assessee's bank account were explained by reference to other income treated as business income in the relevant and preceding years, supported by an affidavit and ledger extract showing agricultural receipts. In the absence of any contrary material, the explanation was accepted and, since presumptive income had also been declared under section 44AD, a separate addition was considered unwarranted. The addition for the bank deposits was therefore deleted in favour of the assessee. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771205