https://www.taxtmi.com/caselaws?id=793434 Cash deposits in a transport commission agent's bank account were treated as business receipts routed through banking channels, so only the profit element, estimated at 5 per cent, was taxed rather than the full amount as unexplained income under section 68. The appellate authority's consideration of additional evidence was upheld because a remand report was specifically called for and furnished before the material was examined, so Rule 46A was not breached. The Revenue's challenge to the restricted addition and the procedural objection both failed, and the estimated taxation of the receipts was sustained. en-us Wed, 27 May 2026 00:00:00 +0530 Tue, 16 Jun 2026 08:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793434 Cash deposits in a transport commission agent's bank account were treated as business receipts routed through banking channels, so only the profit element, estimated at 5 per cent, was taxed rather than the full amount as unexplained income under section 68. The appellate authority's consideration of additional evidence was upheld because a remand report was specifically called for and furnished before the material was examined, so Rule 46A was not breached. The Revenue's challenge to the restricted addition and the procedural objection both failed, and the estimated taxation of the receipts was sustained. Case-Laws Income Tax Wed, 27 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793434