https://www.taxtmi.com/caselaws?id=472524 Cash-deposit additions as unexplained money require a reasonable opportunity for the taxpayer to substantiate an asserted business-sales source. Where assessment treated deposits as unexplained despite retail-trading receipts being asserted, and the record did not show an opportunity to furnish supporting material or pursue presumptive assessment, principles of natural justice precluded sustaining the additions. The additions were directed for fresh adjudication, allowing fresh documentary material on the source of the deposits in renewed assessment proceedings. en-us Wed, 16 Apr 2025 00:00:00 +0530 Wed, 14 Oct 2026 18:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472524 Cash-deposit additions as unexplained money require a reasonable opportunity for the taxpayer to substantiate an asserted business-sales source. Where assessment treated deposits as unexplained despite retail-trading receipts being asserted, and the record did not show an opportunity to furnish supporting material or pursue presumptive assessment, principles of natural justice precluded sustaining the additions. The additions were directed for fresh adjudication, allowing fresh documentary material on the source of the deposits in renewed assessment proceedings. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472524