https://www.taxtmi.com/caselaws?id=801401 Section 69A applies only to money owned by the assessee. Where an angadia intermediary handles third-party cash as a commission-based facilitator, gross transit funds cannot be treated as unexplained money merely because beneficiaries are unidentified, absent evidence of retained funds or corresponding assets or investments. Taxability is confined to the embedded commission income. Commission must be estimated on a commercially reasonable basis reflecting the high-volume, low-margin nature of the business; 0.30% of unaccounted turnover is considered appropriate, with credit for commission already assessed. Such income is taxable at normal rates rather than under Section 115BBE. en-us Tue, 13 Oct 2026 00:00:00 +0530 Wed, 21 Oct 2026 08:37:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801401 Section 69A applies only to money owned by the assessee. Where an angadia intermediary handles third-party cash as a commission-based facilitator, gross transit funds cannot be treated as unexplained money merely because beneficiaries are unidentified, absent evidence of retained funds or corresponding assets or investments. Taxability is confined to the embedded commission income. Commission must be estimated on a commercially reasonable basis reflecting the high-volume, low-margin nature of the business; 0.30% of unaccounted turnover is considered appropriate, with credit for commission already assessed. Such income is taxable at normal rates rather than under Section 115BBE. Case-Laws Income Tax Tue, 13 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801401