https://www.taxtmi.com/caselaws?id=789395 Cash deposits were treated as business turnover rather than unexplained money, and income was to be estimated by applying a net profit rate instead of taxing the full deposits under section 69A. On the facts and circumstances, the agreed approach was partial relief to the assessee, with assessment confined to 15% of the cash deposits treated as turnover. The operative effect was that the Assessing Officer was directed to compute income on that estimated basis rather than bring the entire amount to tax as unexplained cash deposits. en-us Fri, 27 Feb 2026 00:00:00 +0530 Wed, 08 Apr 2026 08:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789395 Cash deposits were treated as business turnover rather than unexplained money, and income was to be estimated by applying a net profit rate instead of taxing the full deposits under section 69A. On the facts and circumstances, the agreed approach was partial relief to the assessee, with assessment confined to 15% of the cash deposits treated as turnover. The operative effect was that the Assessing Officer was directed to compute income on that estimated basis rather than bring the entire amount to tax as unexplained cash deposits. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789395