https://www.taxtmi.com/caselaws?id=780314 Additions under section 68 for cash deposits in two proprietary concerns were deleted because the deposits were traced to the closing cash balance in duly audited books, the books were not rejected, and no concrete basis was shown to disbelieve that balance. A separate cash deposit in the assessee's personal bank account was accepted only in part because supporting evidence was insufficient, so the unexplained balance was sustained. The enhanced taxing rate under section 115BBE was held inapplicable to Assessment Year 2017-18, as it could not be applied to that year. en-us Fri, 24 Oct 2025 00:00:00 +0530 Tue, 28 Oct 2025 08:33:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780314 Additions under section 68 for cash deposits in two proprietary concerns were deleted because the deposits were traced to the closing cash balance in duly audited books, the books were not rejected, and no concrete basis was shown to disbelieve that balance. A separate cash deposit in the assessee's personal bank account was accepted only in part because supporting evidence was insufficient, so the unexplained balance was sustained. The enhanced taxing rate under section 115BBE was held inapplicable to Assessment Year 2017-18, as it could not be applied to that year. Case-Laws Income Tax Fri, 24 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780314