https://www.taxtmi.com/caselaws?id=777391 Cash deposits made during demonetisation were treated as regular business receipts where the assessee had declared business turnover and the record reflected acceptance of presumptive taxation. On that basis, the deposits were not sustained as fully unexplained income. The addition was therefore confined to computation on a presumptive basis, with only partial sustenance of the Revenue's adjustment. en-us Thu, 09 Jan 2025 00:00:00 +0530 Fri, 29 Aug 2025 08:56:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777391 Cash deposits made during demonetisation were treated as regular business receipts where the assessee had declared business turnover and the record reflected acceptance of presumptive taxation. On that basis, the deposits were not sustained as fully unexplained income. The addition was therefore confined to computation on a presumptive basis, with only partial sustenance of the Revenue's adjustment. Case-Laws Income Tax Thu, 09 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777391