https://www.taxtmi.com/caselaws?id=786976 Where an assessee carrying on a small business produced invoices and bank records showing receipts, encashment of bearer cheques and subsequent business payments, the Tribunal applied the presumptive taxation framework to estimate turnover from bank credits and documentary evidence and limited additions for unexplained cash deposits to the gap not covered by that estimation; outcome: turnover was revised, presumptive income computed at the prescribed rate, part of the addition deleted and a restricted addition of Rs. 66,470 was sustained. en-us Mon, 16 Feb 2026 00:00:00 +0530 Tue, 24 Feb 2026 08:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786976 Where an assessee carrying on a small business produced invoices and bank records showing receipts, encashment of bearer cheques and subsequent business payments, the Tribunal applied the presumptive taxation framework to estimate turnover from bank credits and documentary evidence and limited additions for unexplained cash deposits to the gap not covered by that estimation; outcome: turnover was revised, presumptive income computed at the prescribed rate, part of the addition deleted and a restricted addition of Rs. 66,470 was sustained. Case-Laws Income Tax Mon, 16 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786976