https://www.taxtmi.com/caselaws?id=774365 Cash sales deposited during the demonetisation period could not be treated as unexplained credit under section 68 where the assessee produced books of account, stock details, sales records and cash book, and the Assessing Officer did not identify any defect, stock shortage or evidence of fictitious sales. The reported stock movement, monthly purchases and sales supported the cash receipts, and the addition could not rest only on suspicion arising from an unusual rise in cash sales or possible timing issues around VAT returns. In the absence of contrary enquiry rebutting the recorded stock availability and depletion, the addition was deleted and the assessee's explanation accepted. en-us Fri, 04 Jul 2025 00:00:00 +0530 Tue, 08 Jul 2025 08:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774365 Cash sales deposited during the demonetisation period could not be treated as unexplained credit under section 68 where the assessee produced books of account, stock details, sales records and cash book, and the Assessing Officer did not identify any defect, stock shortage or evidence of fictitious sales. The reported stock movement, monthly purchases and sales supported the cash receipts, and the addition could not rest only on suspicion arising from an unusual rise in cash sales or possible timing issues around VAT returns. In the absence of contrary enquiry rebutting the recorded stock availability and depletion, the addition was deleted and the assessee's explanation accepted. Case-Laws Income Tax Fri, 04 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774365