https://www.taxtmi.com/caselaws?id=777183 ITAT MUMBAI held that cash deposits in bank accounts during the demonetisation period (SBN) formed part of the assessee's business receipts because the AO had already accepted other bank credits as business income and bank records showed systematic cash deposits and transfers to automobile dealers and accounts held in the name of a motor business. No separate addition for SBN deposits was warranted; the AO was directed to treat those deposits and other credits as business receipts and tax them at 8%. Appeal partly allowed. en-us Mon, 18 Aug 2025 00:00:00 +0530 Tue, 26 Aug 2025 08:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777183 ITAT MUMBAI held that cash deposits in bank accounts during the demonetisation period (SBN) formed part of the assessee's business receipts because the AO had already accepted other bank credits as business income and bank records showed systematic cash deposits and transfers to automobile dealers and accounts held in the name of a motor business. No separate addition for SBN deposits was warranted; the AO was directed to treat those deposits and other credits as business receipts and tax them at 8%. Appeal partly allowed. Case-Laws Income Tax Mon, 18 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777183