https://www.taxtmi.com/caselaws?id=793795 Cash deposits in an agricultural overdraft account were not treated as wholly unexplained under section 69A because the account context supported an agricultural source, even though complete land, crop, sale and cultivation records were not produced. In the absence of adverse Revenue material showing any other undisclosed source, only 50% of the deposits was sustained as unexplained on a reasonable-estimation basis, with the balance accepted as explained. The sustained addition was also held not liable to the amended enhanced tax rate under section 115BBE for Assessment Year 2017-18, as that regime applies prospectively from 01.04.2017, and tax was confined to normal rates. en-us Wed, 10 Jun 2026 00:00:00 +0530 Wed, 24 Jun 2026 07:08:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793795 Cash deposits in an agricultural overdraft account were not treated as wholly unexplained under section 69A because the account context supported an agricultural source, even though complete land, crop, sale and cultivation records were not produced. In the absence of adverse Revenue material showing any other undisclosed source, only 50% of the deposits was sustained as unexplained on a reasonable-estimation basis, with the balance accepted as explained. The sustained addition was also held not liable to the amended enhanced tax rate under section 115BBE for Assessment Year 2017-18, as that regime applies prospectively from 01.04.2017, and tax was confined to normal rates. Case-Laws Income Tax Wed, 10 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793795