https://www.taxtmi.com/caselaws?id=788345 Where account credits represented repeated business sale receipts supported by matching debits and documentary explanation, the correct tax treatment is to tax only the profit element of those receipts rather than treating gross deposits as unexplained income; the Assessing Officer's additions treating entire deposits as unexplained cash credits were deleted and only the profit already offered and taxed at 8% was sustained. The Tribunal accepted the assessee's account-based evidence of turnover and decided the appeals in the assessee's favour for the relevant years without deciding the separate procedural issue on reopening. en-us Tue, 03 Feb 2026 00:00:00 +0530 Fri, 20 Mar 2026 08:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788345 Where account credits represented repeated business sale receipts supported by matching debits and documentary explanation, the correct tax treatment is to tax only the profit element of those receipts rather than treating gross deposits as unexplained income; the Assessing Officer's additions treating entire deposits as unexplained cash credits were deleted and only the profit already offered and taxed at 8% was sustained. The Tribunal accepted the assessee's account-based evidence of turnover and decided the appeals in the assessee's favour for the relevant years without deciding the separate procedural issue on reopening. Case-Laws Income Tax Tue, 03 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788345