https://www.taxtmi.com/caselaws?id=472113 Cash deposits stated to represent turnover from an eligible food-grain business were considered under the presumptive taxation framework rather than as unexplained investment. Where comparable turnover in the succeeding year had been accepted for presumptive computation and turnover was not questioned for either year, income was computed at the 8% presumptive margin. This treatment replaced the unexplained-investment addition and produced income below the taxable threshold on the stated facts. en-us Thu, 17 Apr 2025 00:00:00 +0530 Wed, 30 Sep 2026 08:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472113 Cash deposits stated to represent turnover from an eligible food-grain business were considered under the presumptive taxation framework rather than as unexplained investment. Where comparable turnover in the succeeding year had been accepted for presumptive computation and turnover was not questioned for either year, income was computed at the 8% presumptive margin. This treatment replaced the unexplained-investment addition and produced income below the taxable threshold on the stated facts. Case-Laws Income Tax Thu, 17 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472113