https://www.taxtmi.com/caselaws?id=470928 Cash deposits explained through business cash sales and opening cash balance, but unsupported by sufficient material, may be subjected to a reasonable estimated addition rather than being wholly treated as unexplained money. Under the stated approach, taxability was confined to 30% of the deposits and the remaining addition was deleted. The enhanced tax rate under section 115BBE was inapplicable for assessment year 2017-18, based on consistent Tribunal decisions. Consequently, only the estimated portion of the deposits remained taxable without the enhanced rate. en-us Thu, 27 Mar 2025 00:00:00 +0530 Fri, 14 Aug 2026 07:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470928 Cash deposits explained through business cash sales and opening cash balance, but unsupported by sufficient material, may be subjected to a reasonable estimated addition rather than being wholly treated as unexplained money. Under the stated approach, taxability was confined to 30% of the deposits and the remaining addition was deleted. The enhanced tax rate under section 115BBE was inapplicable for assessment year 2017-18, based on consistent Tribunal decisions. Consequently, only the estimated portion of the deposits remained taxable without the enhanced rate. Case-Laws Income Tax Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470928