https://www.taxtmi.com/caselaws?id=776843 Cash deposits treated as unexplained under section 69A were held taxable only to the extent of the profit element already embedded in turnover disclosed under section 44AD. Because the same receipts had formed part of business turnover for presumptive taxation, taxing the full deposits again would duplicate the income already brought to tax on a profit basis. The addition was therefore restricted to 6.52% of the disputed cash deposits, and the assessee obtained partial relief from taxation of the entire amount. en-us Tue, 07 Jan 2025 00:00:00 +0530 Wed, 20 Aug 2025 08:34:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776843 Cash deposits treated as unexplained under section 69A were held taxable only to the extent of the profit element already embedded in turnover disclosed under section 44AD. Because the same receipts had formed part of business turnover for presumptive taxation, taxing the full deposits again would duplicate the income already brought to tax on a profit basis. The addition was therefore restricted to 6.52% of the disputed cash deposits, and the assessee obtained partial relief from taxation of the entire amount. Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776843