https://www.taxtmi.com/caselaws?id=468184 Timely filing of the return was treated as a statutory condition for claiming exemption under section 10(23C)(iiiab), and the same filing requirement was applied to the section 11 claim; on the admitted facts, no return was filed, so both exemption claims were unavailable for the year. The proposed additions for cash deposits and estimated business profit were not finally upheld because the source of deposits, the assessee's books, and supporting evidence required proper verification. The income estimation issue was therefore sent back for fresh adjudication on the basis of the actual record. en-us Mon, 03 Feb 2025 00:00:00 +0530 Tue, 21 Apr 2026 08:48:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468184 Timely filing of the return was treated as a statutory condition for claiming exemption under section 10(23C)(iiiab), and the same filing requirement was applied to the section 11 claim; on the admitted facts, no return was filed, so both exemption claims were unavailable for the year. The proposed additions for cash deposits and estimated business profit were not finally upheld because the source of deposits, the assessee's books, and supporting evidence required proper verification. The income estimation issue was therefore sent back for fresh adjudication on the basis of the actual record. Case-Laws Income Tax Mon, 03 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468184