https://www.taxtmi.com/caselaws?id=469371 Cash claimed as available for tax payment was sustained as unexplained money where the assessee relied only on self-generated cash book and balance sheet entries and failed to produce independent corroboration for the alleged cash-in-hand, except for the accepted receipt from the proprietary concern. Fixed deposits were not treated as unexplained investment because bank certificates and ledger records showed they arose on maturity of earlier deposits and represented rotation of existing funds. The enhanced tax rate under section 115BBE was held inapplicable for assessment year 2017-18. The cross-appeals were thus partly allowed, with the cash addition sustained, the fixed-deposit addition deleted, and the higher rate of tax rejected. en-us Wed, 05 Mar 2025 00:00:00 +0530 Mon, 15 Jun 2026 23:25:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469371 Cash claimed as available for tax payment was sustained as unexplained money where the assessee relied only on self-generated cash book and balance sheet entries and failed to produce independent corroboration for the alleged cash-in-hand, except for the accepted receipt from the proprietary concern. Fixed deposits were not treated as unexplained investment because bank certificates and ledger records showed they arose on maturity of earlier deposits and represented rotation of existing funds. The enhanced tax rate under section 115BBE was held inapplicable for assessment year 2017-18. The cross-appeals were thus partly allowed, with the cash addition sustained, the fixed-deposit addition deleted, and the higher rate of tax rejected. Case-Laws Income Tax Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469371