https://www.taxtmi.com/caselaws?id=469767 Cash deposits appearing in a bank account were not treated as fully taxable income where the transaction pattern showed numerous small credits with corresponding debits, indicating business receipts and related purchases rather than a single unexplained deposit. Although the assessee did not establish that the account belonged to someone else, the evidence did not justify taxing the entire deposits as income. The addition was therefore confined to 8% of the total deposits as the profit element. en-us Mon, 15 Dec 2025 00:00:00 +0530 Thu, 02 Jul 2026 20:38:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469767 Cash deposits appearing in a bank account were not treated as fully taxable income where the transaction pattern showed numerous small credits with corresponding debits, indicating business receipts and related purchases rather than a single unexplained deposit. Although the assessee did not establish that the account belonged to someone else, the evidence did not justify taxing the entire deposits as income. The addition was therefore confined to 8% of the total deposits as the profit element. Case-Laws Income Tax Mon, 15 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469767