https://www.taxtmi.com/caselaws?id=793794 Limitation during the Covid-19 period had to be computed by applying the Supreme Court's suo motu exclusion orders, so the first appellate authority's dismissal of the assessee's appeal as time-barred was unsustainable and was set aside. On the cash deposits issue, the deposits were linked to transport business activity and lorry operations, but the absence of reliable books meant the full deposits could not be treated as explained. Only the profit element embedded in the receipts could be taxed as business income, not the entire amount as unexplained money under section 69A, and section 115BBE did not apply once the receipts were assessed as business income. en-us Tue, 09 Jun 2026 00:00:00 +0530 Wed, 24 Jun 2026 07:08:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793794 Limitation during the Covid-19 period had to be computed by applying the Supreme Court's suo motu exclusion orders, so the first appellate authority's dismissal of the assessee's appeal as time-barred was unsustainable and was set aside. On the cash deposits issue, the deposits were linked to transport business activity and lorry operations, but the absence of reliable books meant the full deposits could not be treated as explained. Only the profit element embedded in the receipts could be taxed as business income, not the entire amount as unexplained money under section 69A, and section 115BBE did not apply once the receipts were assessed as business income. Case-Laws Income Tax Tue, 09 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793794