https://www.taxtmi.com/caselaws?id=467708 Unexplained cash deposits and bank credits were taxed under section 69A because the assessee failed to file a return, ignored statutory notices, and produced no reliable evidence of source; the claim of dissolution and succession by a partner was unsupported and did not dislodge the addition. The enhanced rate under section 115BBE was held prospective and could not be applied to the assessment year in question, so the addition was taxed at the normal rate with surcharge and cess. Penalty under section 271AAC(1) remained applicable but was remanded for recomputation in line with the revised tax rate, while penalty under section 271F for failure to file a return was upheld. en-us Mon, 17 Nov 2025 00:00:00 +0530 Mon, 30 Mar 2026 19:50:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467708 Unexplained cash deposits and bank credits were taxed under section 69A because the assessee failed to file a return, ignored statutory notices, and produced no reliable evidence of source; the claim of dissolution and succession by a partner was unsupported and did not dislodge the addition. The enhanced rate under section 115BBE was held prospective and could not be applied to the assessment year in question, so the addition was taxed at the normal rate with surcharge and cess. Penalty under section 271AAC(1) remained applicable but was remanded for recomputation in line with the revised tax rate, while penalty under section 271F for failure to file a return was upheld. Case-Laws Income Tax Mon, 17 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467708