https://www.taxtmi.com/caselaws?id=792850 Cash deposits across multiple bank accounts required fresh verification of the cash trail, because the assessee relied on withdrawal and deposit charts and peak credit workings to explain the deposits from earlier cash withdrawals. The business profit estimate at 8% of gross receipts also required reconsideration, as the available audit papers and books suggested that the full material had not been examined by the lower authority. The enhanced tax rate under section 115BBE was held inapplicable to assessment year 2017-18, because the provision was treated as operating prospectively from 1 April 2017 for later assessment years. en-us Tue, 02 Jun 2026 00:00:00 +0530 Thu, 04 Jun 2026 08:37:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792850 Cash deposits across multiple bank accounts required fresh verification of the cash trail, because the assessee relied on withdrawal and deposit charts and peak credit workings to explain the deposits from earlier cash withdrawals. The business profit estimate at 8% of gross receipts also required reconsideration, as the available audit papers and books suggested that the full material had not been examined by the lower authority. The enhanced tax rate under section 115BBE was held inapplicable to assessment year 2017-18, because the provision was treated as operating prospectively from 1 April 2017 for later assessment years. Case-Laws Income Tax Tue, 02 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792850