https://www.taxtmi.com/caselaws?id=447183 Recorded sales supported by invoices, stock records, PAN details and bank entries cannot be treated again as unexplained cash credits where no discrepancy or defect is established; doing so results in double taxation. A separate commission addition requires direct or corroborative evidence of unexplained expenditure, while section 69A does not apply to money already recorded as sales in regular books. Rejection of books under section 145(3) requires identifiable defects or incompleteness, not suspicion or surrounding circumstances alone. Once disputed receipts are accepted as disclosed sales and included in profit and loss accounts, additional estimated profit on those sales is impermissible. en-us Tue, 28 Nov 2023 00:00:00 +0530 Tue, 13 Jan 2026 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447183 Recorded sales supported by invoices, stock records, PAN details and bank entries cannot be treated again as unexplained cash credits where no discrepancy or defect is established; doing so results in double taxation. A separate commission addition requires direct or corroborative evidence of unexplained expenditure, while section 69A does not apply to money already recorded as sales in regular books. Rejection of books under section 145(3) requires identifiable defects or incompleteness, not suspicion or surrounding circumstances alone. Once disputed receipts are accepted as disclosed sales and included in profit and loss accounts, additional estimated profit on those sales is impermissible. Case-Laws Income Tax Tue, 28 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447183