https://www.taxtmi.com/caselaws?id=467734 Cash deposits were accepted as made, but the source was not satisfactorily explained, so the unexplained amount under section 69A was estimated on a reasonable basis rather than sustained in full. The analysis also notes that section 115BBE was treated as applicable only to transactions on or after 01.04.2017. On penalty, non-appearance and alleged non-cooperation under section 272A(1)(d) were viewed in light of the Covid-19 period, which was treated as a justifiable cause. The result was partial relief on the quantum addition and deletion of the penalty, reflecting a mixed outcome overall. en-us Tue, 07 Jan 2025 00:00:00 +0530 Tue, 31 Mar 2026 19:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467734 Cash deposits were accepted as made, but the source was not satisfactorily explained, so the unexplained amount under section 69A was estimated on a reasonable basis rather than sustained in full. The analysis also notes that section 115BBE was treated as applicable only to transactions on or after 01.04.2017. On penalty, non-appearance and alleged non-cooperation under section 272A(1)(d) were viewed in light of the Covid-19 period, which was treated as a justifiable cause. The result was partial relief on the quantum addition and deletion of the penalty, reflecting a mixed outcome overall. Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467734