https://www.taxtmi.com/caselaws?id=470369 Cash seized and cash deposits with a credible nexus to disclosed, regular business receipts are not assessable as unexplained money under section 69A. Cash explained through real-estate business income and customer advances is taxable as business income at normal rates rather than under the special rate in section 115BBE. Even where a claimed cash-withdrawal source was not established, the amount remained assessable as business income because the taxpayer regularly carried on business. Cash deposits linked bona fide to declared sales, supported by a banking pattern showing their use for payments, cannot be treated as unexplained money without contrary material. 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 with a credible nexus to disclosed, regular business receipts are not assessable as unexplained money under section 69A. Cash explained through real-estate business income and customer advances is taxable as business income at normal rates rather than under the special rate in section 115BBE. Even where a claimed cash-withdrawal source was not established, the amount remained assessable as business income because the taxpayer regularly carried on business. Cash deposits linked bona fide to declared sales, supported by a banking pattern showing their use for payments, cannot be treated as unexplained money without contrary material. Case-Laws Income Tax Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470369