https://www.taxtmi.com/caselaws?id=468783 Cash deposits and credit entries were examined in light of the surrounding material, including the remand proceedings, to determine whether they represented unexplained money or only the assessee's margin income. The record showed that cash receipts were being transferred to Vodafone West Ltd. and that the assessee earned only a 0.7% margin on E-top up sales. As no fresh material was produced to dislodge the factual basis accepted by the first appellate authority, the addition could not be sustained in full and income was restricted to the commission element of 0.7% of the transferred amount. en-us Tue, 11 Feb 2025 00:00:00 +0530 Wed, 20 May 2026 19:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468783 Cash deposits and credit entries were examined in light of the surrounding material, including the remand proceedings, to determine whether they represented unexplained money or only the assessee's margin income. The record showed that cash receipts were being transferred to Vodafone West Ltd. and that the assessee earned only a 0.7% margin on E-top up sales. As no fresh material was produced to dislodge the factual basis accepted by the first appellate authority, the addition could not be sustained in full and income was restricted to the commission element of 0.7% of the transferred amount. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468783