https://www.taxtmi.com/caselaws?id=470369 Cash seized and cash deposits credibly linked to disclosed, regular business receipts are not assessable as unexplained money under section 69A. The notes state that disclosed seized cash, supported by financial statements, prior returns and customer advances from real-estate business, should be treated as business income taxable at normal rates rather than under the special rate in section 115BBE. Even an unsubstantiated cash-source claim was described as assessable as business income because of the regular business activity. Cash deposits linked to declared sales and used for payments, rather than retained as bank balance, were also stated not to constitute unexplained money. en-us Tue, 28 Jan 2025 00:00:00 +0530 Fri, 24 Jul 2026 21:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470369 Cash seized and cash deposits credibly linked to disclosed, regular business receipts are not assessable as unexplained money under section 69A. The notes state that disclosed seized cash, supported by financial statements, prior returns and customer advances from real-estate business, should be treated as business income taxable at normal rates rather than under the special rate in section 115BBE. Even an unsubstantiated cash-source claim was described as assessable as business income because of the regular business activity. Cash deposits linked to declared sales and used for payments, rather than retained as bank balance, were also stated not to constitute unexplained money. Case-Laws Income Tax Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470369