https://www.taxtmi.com/caselaws?id=774528 ITAT Ahmedabad partly allowed the assessee's appeal regarding cash deposits in bank account. The AO added 8% of cash deposits as unaccounted business receipts. The assessee failed to file mandatory GST and VAT returns, making verification of claimed sales-generated deposits impossible. While upholding the addition principle, ITAT reduced the estimation from 8% to 4%, considering the assessee's retail mobile business nature. The tribunal found 8% excessive but maintained that some addition was justified given non-compliance with statutory filing requirements. en-us Tue, 08 Jul 2025 00:00:00 +0530 Thu, 10 Jul 2025 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774528 ITAT Ahmedabad partly allowed the assessee's appeal regarding cash deposits in bank account. The AO added 8% of cash deposits as unaccounted business receipts. The assessee failed to file mandatory GST and VAT returns, making verification of claimed sales-generated deposits impossible. While upholding the addition principle, ITAT reduced the estimation from 8% to 4%, considering the assessee's retail mobile business nature. The tribunal found 8% excessive but maintained that some addition was justified given non-compliance with statutory filing requirements. Case-Laws Income Tax Tue, 08 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774528