https://www.taxtmi.com/caselaws?id=775703 Cash deposits in the assessee's bank account were examined in a best judgment assessment under section 144 of the Income-tax Act, 1961. Considering the assessee's long agricultural background, age, and the difficulty of proving past savings with concrete evidence, the Tribunal accepted that some accumulation could have existed but not to the extent added by the lower authorities. The addition was therefore sustained only partly on estimate, with the balance deleted and partial relief granted to the assessee. en-us Wed, 04 Jun 2025 00:00:00 +0530 Tue, 29 Jul 2025 08:31:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775703 Cash deposits in the assessee's bank account were examined in a best judgment assessment under section 144 of the Income-tax Act, 1961. Considering the assessee's long agricultural background, age, and the difficulty of proving past savings with concrete evidence, the Tribunal accepted that some accumulation could have existed but not to the extent added by the lower authorities. The addition was therefore sustained only partly on estimate, with the balance deleted and partial relief granted to the assessee. Case-Laws Income Tax Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775703