https://www.taxtmi.com/caselaws?id=469974 Unexplained cash deposits linked to NEFT transfers were sustained as an addition because the assessee failed to produce confirmation or other credible evidence to establish the source of the cash. For indirect expenses, the absence of complete bills and vouchers justified only a partial estimate, since the expenditure was found necessary for day-to-day business operations. The disallowance was therefore restricted from 10% to 5% of total indirect expenses, giving the assessee partial relief, and interest chargeable followed consequentially. en-us Wed, 12 Mar 2025 00:00:00 +0530 Fri, 10 Jul 2026 22:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469974 Unexplained cash deposits linked to NEFT transfers were sustained as an addition because the assessee failed to produce confirmation or other credible evidence to establish the source of the cash. For indirect expenses, the absence of complete bills and vouchers justified only a partial estimate, since the expenditure was found necessary for day-to-day business operations. The disallowance was therefore restricted from 10% to 5% of total indirect expenses, giving the assessee partial relief, and interest chargeable followed consequentially. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469974