https://www.taxtmi.com/caselaws?id=793885 Cash deposits in a travel business were treated as unexplained income because the assessee failed to produce credible, verifiable evidence reconciling the deposits with turnover, GST returns, ledger entries, and financial statements. The claimed explanations of client receipts, reimbursements, service charges, and GST were found inconsistent with the record, so the onus under section 69A was not discharged and taxation under section 115BBE was sustained. The challenge based on natural justice also failed because the assessee was given an opportunity to respond, and the assessment order dealt with the material and inconsistencies rather than mechanically repeating the show-cause notice. en-us Wed, 17 Jun 2026 00:00:00 +0530 Thu, 25 Jun 2026 08:27:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793885 Cash deposits in a travel business were treated as unexplained income because the assessee failed to produce credible, verifiable evidence reconciling the deposits with turnover, GST returns, ledger entries, and financial statements. The claimed explanations of client receipts, reimbursements, service charges, and GST were found inconsistent with the record, so the onus under section 69A was not discharged and taxation under section 115BBE was sustained. The challenge based on natural justice also failed because the assessee was given an opportunity to respond, and the assessment order dealt with the material and inconsistencies rather than mechanically repeating the show-cause notice. Case-Laws Income Tax Wed, 17 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793885