https://www.taxtmi.com/caselaws?id=313410 Cash deposits cannot be treated as unexplained income under section 69A where they are recorded in regular books and are supported by invoices, stock register, VAT returns and the VAT assessment order. The assessee's cash sales and stock position were corroborated, and no defect or infirmity was found in the books of account. In the absence of any factual error or evidence that the sales were bogus, the consequential taxation under section 115BBE was also unsustainable, and the deletion of the addition was upheld in favour of the assessee. en-us Wed, 03 Jan 2024 00:00:00 +0530 Wed, 01 Oct 2025 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313410 Cash deposits cannot be treated as unexplained income under section 69A where they are recorded in regular books and are supported by invoices, stock register, VAT returns and the VAT assessment order. The assessee's cash sales and stock position were corroborated, and no defect or infirmity was found in the books of account. In the absence of any factual error or evidence that the sales were bogus, the consequential taxation under section 115BBE was also unsustainable, and the deletion of the addition was upheld in favour of the assessee. Case-Laws Income Tax Wed, 03 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313410