https://www.taxtmi.com/caselaws?id=798738 Penalty for unexplained money under Section 271AAC(1) was not leviable where cash deposits connected with trading activity were assessed only by estimating an embedded profit element. Restriction of the quantum addition to 10% of the deposits reflected an ad hoc estimation rather than proof of conscious concealment or undisclosed income. The penalty was therefore deleted. en-us Tue, 08 Sep 2026 00:00:00 +0530 Fri, 11 Sep 2026 08:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798738 Penalty for unexplained money under Section 271AAC(1) was not leviable where cash deposits connected with trading activity were assessed only by estimating an embedded profit element. Restriction of the quantum addition to 10% of the deposits reflected an ad hoc estimation rather than proof of conscious concealment or undisclosed income. The penalty was therefore deleted. Case-Laws Income Tax Tue, 08 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798738