https://www.taxtmi.com/caselaws?id=469841 Specified bank note deposits made during demonetisation were treated as part of an established cash business where the Revenue could not show any independent non-business source, so the addition as unexplained money under section 69A was deleted. The Tribunal also held that the bank credits represented business receipts from the same trading activity and upheld estimation of income at 10% on the total credits. The operative principle was that deposits linked to a proven cash may be assessed as turnover rather than as unexplained money, while income can still be estimated on the credits. en-us Tue, 11 Mar 2025 00:00:00 +0530 Mon, 06 Jul 2026 20:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469841 Specified bank note deposits made during demonetisation were treated as part of an established cash business where the Revenue could not show any independent non-business source, so the addition as unexplained money under section 69A was deleted. The Tribunal also held that the bank credits represented business receipts from the same trading activity and upheld estimation of income at 10% on the total credits. The operative principle was that deposits linked to a proven cash may be assessed as turnover rather than as unexplained money, while income can still be estimated on the credits. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469841