https://www.taxtmi.com/caselaws?id=467518 Where cash-deposit explanations supported by contemporaneous books, receipts and bank records are found substantially correct and not rebutted by cogent evidence, the deeming provision for unexplained money cannot be applied by way of ad hoc percentage uplift; the Tribunal rejected a sustained 10% estimation as unsupported and held that revenue must positively disprove the assessee's accountal, with any genuine adjustment in cooperative pass-through receipts to be traced to real recipients rather than imposed on the society; the addition was deleted and the appeal allowed. en-us Tue, 27 May 2025 00:00:00 +0530 Sat, 21 Mar 2026 22:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467518 Where cash-deposit explanations supported by contemporaneous books, receipts and bank records are found substantially correct and not rebutted by cogent evidence, the deeming provision for unexplained money cannot be applied by way of ad hoc percentage uplift; the Tribunal rejected a sustained 10% estimation as unsupported and held that revenue must positively disprove the assessee's accountal, with any genuine adjustment in cooperative pass-through receipts to be traced to real recipients rather than imposed on the society; the addition was deleted and the appeal allowed. Case-Laws Income Tax Tue, 27 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467518