https://www.taxtmi.com/caselaws?id=779845 ITAT, CUTTACK upheld that the appellant was given adequate opportunity and dismissed ground 1. On estimation of income, the Tribunal found the reduced profit margin justified and directed the AO to apply a 4% profit rate on turnover (partly allowing the appeal). Regarding additions u/s 69A for SBN deposits during demonetization, the Tribunal held those deposits arose from cash sales already estimated under s.145(3) and deleted the unexplained-money addition in favour of the assessee. en-us Thu, 23 Jan 2025 00:00:00 +0530 Mon, 13 Oct 2025 13:07:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779845 ITAT, CUTTACK upheld that the appellant was given adequate opportunity and dismissed ground 1. On estimation of income, the Tribunal found the reduced profit margin justified and directed the AO to apply a 4% profit rate on turnover (partly allowing the appeal). Regarding additions u/s 69A for SBN deposits during demonetization, the Tribunal held those deposits arose from cash sales already estimated under s.145(3) and deleted the unexplained-money addition in favour of the assessee. Case-Laws Income Tax Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779845