https://www.taxtmi.com/highlights?id=61572 Cash deposits made post demonetization represented unaccounted income of the assessee qua AY 2017-2018 - Having regard to the extensive material which has been examined by the Tribunal, in particular, the trend of cash sales and corresponding cash deposited by the assessee with earlier years, we are of the view that there was nothing placed on record-which could have persuaded the Tribunal to conclude that the assessee had, in fact, earned unaccounted income i.e., made cash deposits which were not represented by cash sales. - HC en-us Fri, 21 Jan 2022 13:45:59 +0530 Fri, 21 Jan 2022 13:45:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61572 Cash deposits made post demonetization represented unaccounted income of the assessee qua AY 2017-2018 - Having regard to the extensive material which has been examined by the Tribunal, in particular, the trend of cash sales and corresponding cash deposited by the assessee with earlier years, we are of the view that there was nothing placed on record-which could have persuaded the Tribunal to conclude that the assessee had, in fact, earned unaccounted income i.e., made cash deposits which were not represented by cash sales. - HC Highlights Income Tax Fri, 21 Jan 2022 13:45:59 +0530 https://www.taxtmi.com/highlights?id=61572