https://www.taxtmi.com/caselaws?id=787700 Unexplained-income additions based on cash bank deposits, unsecured loans and advances require verification where the assessee, reporting presumptive income under section 44AD, disputes the deposit figures and the basis for credit additions is unclear. Bank deposits must be reconciled, sources examined and supporting evidence considered before additions or related penalties are sustained. The assessment is to be reconsidered after giving the assessee an opportunity to provide explanations and evidence; on non-compliance, the Assessing Officer may decide on available material. en-us Wed, 17 Dec 2025 00:00:00 +0530 Wed, 11 Mar 2026 08:17:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787700 Unexplained-income additions based on cash bank deposits, unsecured loans and advances require verification where the assessee, reporting presumptive income under section 44AD, disputes the deposit figures and the basis for credit additions is unclear. Bank deposits must be reconciled, sources examined and supporting evidence considered before additions or related penalties are sustained. The assessment is to be reconsidered after giving the assessee an opportunity to provide explanations and evidence; on non-compliance, the Assessing Officer may decide on available material. Case-Laws Income Tax Wed, 17 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787700