https://www.taxtmi.com/caselaws?id=467645 Unexplained cash deposits were sustained as income under section 69A because the assessee failed to prove the alleged link with sale proceeds of silver bullion disclosed under IDS 2016; the explanation lacked evidence of purchase, sale, quantity, parties, or other supporting material, and was rejected on human probabilities. However, section 115BBE was held inapplicable for rate purposes on the relevant facts and period, so the assessment had to be recomputed under the normal provisions. The result was partial relief: the addition for unexplained cash deposits remained, but the special tax rate mechanism did not apply. en-us Mon, 17 Feb 2025 00:00:00 +0530 Fri, 27 Mar 2026 19:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467645 Unexplained cash deposits were sustained as income under section 69A because the assessee failed to prove the alleged link with sale proceeds of silver bullion disclosed under IDS 2016; the explanation lacked evidence of purchase, sale, quantity, parties, or other supporting material, and was rejected on human probabilities. However, section 115BBE was held inapplicable for rate purposes on the relevant facts and period, so the assessment had to be recomputed under the normal provisions. The result was partial relief: the addition for unexplained cash deposits remained, but the special tax rate mechanism did not apply. Case-Laws Income Tax Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467645