https://www.taxtmi.com/caselaws?id=468851 Delay in filing the appeal was treated as satisfactorily explained and condoned. The cash deposit addition under section 68 was not sustained in full because the assessee's trading activity and prior cash-deposit pattern supported the explanation that the deposits represented cash sales and cash in hand; the addition was therefore restricted on a reasonable estimate. The special taxation regime under section 115BBE was held applicable only to transactions on or after 01.04.2017, so the assessee was to be assessed under the normal provisions for the relevant period. en-us Thu, 22 Jan 2026 00:00:00 +0530 Fri, 22 May 2026 19:11:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468851 Delay in filing the appeal was treated as satisfactorily explained and condoned. The cash deposit addition under section 68 was not sustained in full because the assessee's trading activity and prior cash-deposit pattern supported the explanation that the deposits represented cash sales and cash in hand; the addition was therefore restricted on a reasonable estimate. The special taxation regime under section 115BBE was held applicable only to transactions on or after 01.04.2017, so the assessee was to be assessed under the normal provisions for the relevant period. Case-Laws Income Tax Thu, 22 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468851