https://www.taxtmi.com/caselaws?id=792984 Cash deposits and other credits were treated as only partly unexplained because the assessee's sales-based explanation was not fully dislodged, so the addition was restricted on estimation rather than sustained in full. The higher-rate tax regime under section 115BBE was held inapplicable to the relevant pre-01.04.2017 period, with normal tax provisions applying instead. Penalties under sections 270A, 271AAC(1) and 272A(1)(d) were deleted because the estimated addition did not establish concrete misreporting, the penalty linked to section 115BBE failed with that provision, and the first appeal was rejected on limitation without adequate opportunity. en-us Thu, 04 Jun 2026 00:00:00 +0530 Sat, 06 Jun 2026 08:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792984 Cash deposits and other credits were treated as only partly unexplained because the assessee's sales-based explanation was not fully dislodged, so the addition was restricted on estimation rather than sustained in full. The higher-rate tax regime under section 115BBE was held inapplicable to the relevant pre-01.04.2017 period, with normal tax provisions applying instead. Penalties under sections 270A, 271AAC(1) and 272A(1)(d) were deleted because the estimated addition did not establish concrete misreporting, the penalty linked to section 115BBE failed with that provision, and the first appeal was rejected on limitation without adequate opportunity. Case-Laws Income Tax Thu, 04 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792984