https://www.taxtmi.com/caselaws?id=797946 Estimated addition for unreconciled cash deposits may be sustained where disclosed bank deposits and accepted business sales lack complete item-wise reconciliation. Where no material shows that deposits arose from a source independent of the disclosed business, only the unreconciled portion may be reasonably estimated rather than the entire deposits treated as unexplained. Such an estimate does not constitute income of the nature covered by section 68 merely because reconciliation is incomplete. Consequently, the estimated addition remains assessable under ordinary provisions and is not subject to the special tax rate under section 115BBE without material or a finding of an independent unexplained source. en-us Fri, 21 Aug 2026 00:00:00 +0530 Mon, 31 Aug 2026 08:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797946 Estimated addition for unreconciled cash deposits may be sustained where disclosed bank deposits and accepted business sales lack complete item-wise reconciliation. Where no material shows that deposits arose from a source independent of the disclosed business, only the unreconciled portion may be reasonably estimated rather than the entire deposits treated as unexplained. Such an estimate does not constitute income of the nature covered by section 68 merely because reconciliation is incomplete. Consequently, the estimated addition remains assessable under ordinary provisions and is not subject to the special tax rate under section 115BBE without material or a finding of an independent unexplained source. Case-Laws Income Tax Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797946