https://www.taxtmi.com/caselaws?id=471648 Section 69A applies only where the source of money is not satisfactorily explained. Cash books, bank records, financial statements and an audit report supporting cash generated from edible-oil trading establish that an entire cash deposit cannot automatically be assessed as unexplained money. Where documentary inconsistencies remain, assessment may be confined to the profit element embedded in the deposit; a 10% estimation was treated as reasonable. Section 250(6) requires an appellate order to state the points for determination, decisions and reasons, rather than dispose of the matter summarily. The balance cash-deposit addition was deleted and the estimated profit was taxable at normal rates. en-us Tue, 27 Jan 2026 00:00:00 +0530 Fri, 11 Sep 2026 19:04:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471648 Section 69A applies only where the source of money is not satisfactorily explained. Cash books, bank records, financial statements and an audit report supporting cash generated from edible-oil trading establish that an entire cash deposit cannot automatically be assessed as unexplained money. Where documentary inconsistencies remain, assessment may be confined to the profit element embedded in the deposit; a 10% estimation was treated as reasonable. Section 250(6) requires an appellate order to state the points for determination, decisions and reasons, rather than dispose of the matter summarily. The balance cash-deposit addition was deleted and the estimated profit was taxable at normal rates. Case-Laws Income Tax Tue, 27 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471648