https://www.taxtmi.com/highlights?id=97022 Presumptive taxation: where an assessee opts to declare income under the presumptive scheme and offers income accordingly, separate additions for unexplained cash bank deposits cannot be sustained; the tribunal relied on precedent holding that opting into the presumptive regime removes the obligation to explain each cash entry, and directed deletion of the addition. The appellate authority allowed the assessee's appeal and set aside the lower appellate order that had limited relief to bank debits, restoring complete relief against the addition by the assessing officer. en-us Thu, 19 Feb 2026 14:14:37 +0530 Thu, 19 Feb 2026 14:14:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97022 Presumptive taxation: where an assessee opts to declare income under the presumptive scheme and offers income accordingly, separate additions for unexplained cash bank deposits cannot be sustained; the tribunal relied on precedent holding that opting into the presumptive regime removes the obligation to explain each cash entry, and directed deletion of the addition. The appellate authority allowed the assessee's appeal and set aside the lower appellate order that had limited relief to bank debits, restoring complete relief against the addition by the assessing officer. Highlights Income Tax Thu, 19 Feb 2026 14:14:37 +0530 https://www.taxtmi.com/highlights?id=97022