https://www.taxtmi.com/caselaws?id=776921 Audited books, stock records, cash book, VAT returns and sales registers supported the assessee's cash sales, and no specific defect was found in purchases, inventory, accounting method or quantitative records. Rejection of books and treatment of sales as bogus on the basis of suspicion, abnormal cash pattern, or absence of PAN and address of cash buyers was held unsustainable. Cash deposits in demonetized currency, being traceable to recorded sale proceeds, could not be taxed again as unexplained cash credit or unexplained money under sections 68 or 69A, and the consequential levy under section 115BBE also failed. The addition was deleted. en-us Tue, 19 Aug 2025 00:00:00 +0530 Thu, 21 Aug 2025 08:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776921 Audited books, stock records, cash book, VAT returns and sales registers supported the assessee's cash sales, and no specific defect was found in purchases, inventory, accounting method or quantitative records. Rejection of books and treatment of sales as bogus on the basis of suspicion, abnormal cash pattern, or absence of PAN and address of cash buyers was held unsustainable. Cash deposits in demonetized currency, being traceable to recorded sale proceeds, could not be taxed again as unexplained cash credit or unexplained money under sections 68 or 69A, and the consequential levy under section 115BBE also failed. The addition was deleted. Case-Laws Income Tax Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776921