https://www.taxtmi.com/caselaws?id=782991 Where cash deposits are prima facie linked to business turnover already subjected to profit estimation, the tax effect should be computed on that estimated profit basis rather than treated as a full unexplained addition under section 68. The Tribunal directed assessment of the impugned deposits at 5% in line with the existing profit estimate. It also held that section 115BBE could not be applied to these deposits because that special rate provision was not applicable to the relevant period and circumstances, so the computation had to proceed under the normal provisions. en-us Thu, 27 Nov 2025 00:00:00 +0530 Mon, 08 Dec 2025 08:31:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782991 Where cash deposits are prima facie linked to business turnover already subjected to profit estimation, the tax effect should be computed on that estimated profit basis rather than treated as a full unexplained addition under section 68. The Tribunal directed assessment of the impugned deposits at 5% in line with the existing profit estimate. It also held that section 115BBE could not be applied to these deposits because that special rate provision was not applicable to the relevant period and circumstances, so the computation had to proceed under the normal provisions. Case-Laws Income Tax Thu, 27 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782991