https://www.taxtmi.com/caselaws?id=783191 ITAT Rajkot-AT partly allowed assessee's appeal in respect of additions on cash deposits during demonetization and non-demonetization periods. The Tribunal held that the deposits were linked to regular business activities involving sale of mobile recharge vouchers and mobile phones, where profit margins vary. Adopting a holistic approach, it rejected both the full addition and complete deletion, and directed estimation of income by applying a net profit rate of 6% on the cash deposits to address documentary inconsistencies and prevent revenue leakage. Further, it held that tax should be levied at normal rates, not under s.115BBE, as income arose from business. en-us Fri, 28 Nov 2025 00:00:00 +0530 Thu, 11 Dec 2025 08:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783191 ITAT Rajkot-AT partly allowed assessee's appeal in respect of additions on cash deposits during demonetization and non-demonetization periods. The Tribunal held that the deposits were linked to regular business activities involving sale of mobile recharge vouchers and mobile phones, where profit margins vary. Adopting a holistic approach, it rejected both the full addition and complete deletion, and directed estimation of income by applying a net profit rate of 6% on the cash deposits to address documentary inconsistencies and prevent revenue leakage. Further, it held that tax should be levied at normal rates, not under s.115BBE, as income arose from business. Case-Laws Income Tax Fri, 28 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783191