https://www.taxtmi.com/caselaws?id=779167 Cash and cheque deposits treated as unexplained were examined on a fact-specific basis, with the assessee's plea of fraudulent bank transactions only partly accepted. The reopening challenge was not pressed and was not decided on merits. Although the lower authorities had already applied an estimated gross profit ratio, no market comparables supported the rate adopted. In the peculiar facts, the additions were further restricted to lump sum amounts for each assessment year, resulting in partial relief to the assessee. en-us Mon, 20 Jan 2025 00:00:00 +0530 Tue, 30 Sep 2025 08:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779167 Cash and cheque deposits treated as unexplained were examined on a fact-specific basis, with the assessee's plea of fraudulent bank transactions only partly accepted. The reopening challenge was not pressed and was not decided on merits. Although the lower authorities had already applied an estimated gross profit ratio, no market comparables supported the rate adopted. In the peculiar facts, the additions were further restricted to lump sum amounts for each assessment year, resulting in partial relief to the assessee. Case-Laws Income Tax Mon, 20 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779167