https://www.taxtmi.com/caselaws?id=470833 Unexplained cash deposits during demonetisation require a reasonable consolidated assessment where the taxpayer is a small business operator, has disclosed presumptive-taxation turnover, and relies on family savings without separate family bank accounts. Full addition of the deposits, including a post-office investment, was not warranted after considering disclosed turnover, accumulated family savings, and business income already returned. The unexplained-money addition was therefore restricted to a consolidated amount inclusive of disclosed business income, partly favouring the taxpayer. en-us Wed, 26 Mar 2025 00:00:00 +0530 Mon, 10 Aug 2026 21:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470833 Unexplained cash deposits during demonetisation require a reasonable consolidated assessment where the taxpayer is a small business operator, has disclosed presumptive-taxation turnover, and relies on family savings without separate family bank accounts. Full addition of the deposits, including a post-office investment, was not warranted after considering disclosed turnover, accumulated family savings, and business income already returned. The unexplained-money addition was therefore restricted to a consolidated amount inclusive of disclosed business income, partly favouring the taxpayer. Case-Laws Income Tax Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470833