https://www.taxtmi.com/caselaws?id=795992 Cash deposits received as student fees were not treated as unexplained where details of the students paying cash were furnished and the Revenue neither disputed the educational activity nor challenged the stated source. The related addition was deleted. Cash deposits and cash expenses arising in regular business activity, without other identified defects in the accounting entries, did not justify rejection of the books of account or estimation of gross profit. The rejection of books and the gross-profit addition were therefore deleted. en-us Mon, 01 Jun 2026 00:00:00 +0530 Thu, 30 Jul 2026 08:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795992 Cash deposits received as student fees were not treated as unexplained where details of the students paying cash were furnished and the Revenue neither disputed the educational activity nor challenged the stated source. The related addition was deleted. Cash deposits and cash expenses arising in regular business activity, without other identified defects in the accounting entries, did not justify rejection of the books of account or estimation of gross profit. The rejection of books and the gross-profit addition were therefore deleted. Case-Laws Income Tax Mon, 01 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795992