https://www.taxtmi.com/caselaws?id=471319 Ex parte assessment and appellate treatment of cash deposits under Sections 68 and 115BBE require fresh determination where the taxpayer has not received an effective opportunity to establish the deposits' source. Deposits claimed as service charges from a material-handling and transportation business were supported by regular banking entries and certain invoices, but complete evidence on the source of funds and capital introduction was not available before the lower authorities. Adequate hearing and opportunity to produce complete evidence are necessary before deciding whether the deposits constitute unexplained cash credits and attract the prescribed tax treatment. en-us Fri, 04 Apr 2025 00:00:00 +0530 Sat, 29 Aug 2026 14:35:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471319 Ex parte assessment and appellate treatment of cash deposits under Sections 68 and 115BBE require fresh determination where the taxpayer has not received an effective opportunity to establish the deposits' source. Deposits claimed as service charges from a material-handling and transportation business were supported by regular banking entries and certain invoices, but complete evidence on the source of funds and capital introduction was not available before the lower authorities. Adequate hearing and opportunity to produce complete evidence are necessary before deciding whether the deposits constitute unexplained cash credits and attract the prescribed tax treatment. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471319