https://www.taxtmi.com/caselaws?id=789190 Cash deposits in a bank account were examined to determine whether the full amount could be treated as unexplained money under section 69A and taxed under section 115BBE, or whether only an estimated profit element should be assessed. The Tribunal noted continuous deposits and withdrawals, but also found no corresponding lavish expenditure or investment and relied on comparable reasoning in connected matters involving the same banking channel. It held that the entire deposits could not be brought to tax as income and directed estimation of income at 2% of the deposits, granting partial relief. en-us Fri, 27 Mar 2026 00:00:00 +0530 Sat, 04 Apr 2026 08:53:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789190 Cash deposits in a bank account were examined to determine whether the full amount could be treated as unexplained money under section 69A and taxed under section 115BBE, or whether only an estimated profit element should be assessed. The Tribunal noted continuous deposits and withdrawals, but also found no corresponding lavish expenditure or investment and relied on comparable reasoning in connected matters involving the same banking channel. It held that the entire deposits could not be brought to tax as income and directed estimation of income at 2% of the deposits, granting partial relief. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789190