https://www.taxtmi.com/caselaws?id=467622 Bank credits were treated as business turnover from SIM card sales, not unexplained money under section 69A, because the deposits matched the assessee's distributor activity, corresponding purchases, and reflected profit. The appellate finding accepted that the receipts were supported by surrounding evidence and that the amount credited in the bank account represented sale proceeds. Profit was recomputed on the verified receipts, and no factual infirmity in that appreciation of evidence was shown. The deletion of the addition was therefore upheld, and the Revenue's challenge failed. en-us Tue, 18 Feb 2025 00:00:00 +0530 Wed, 25 Mar 2026 18:00:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467622 Bank credits were treated as business turnover from SIM card sales, not unexplained money under section 69A, because the deposits matched the assessee's distributor activity, corresponding purchases, and reflected profit. The appellate finding accepted that the receipts were supported by surrounding evidence and that the amount credited in the bank account represented sale proceeds. Profit was recomputed on the verified receipts, and no factual infirmity in that appreciation of evidence was shown. The deletion of the addition was therefore upheld, and the Revenue's challenge failed. Case-Laws Income Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467622