https://www.taxtmi.com/caselaws?id=779409 Cash deposits during the demonetisation period were held unsustainable where the corresponding sales and purchases were accepted and the books of account were not rejected, so the addition was deleted. By contrast, a discrepancy between purchases shown in the return and the import-export data remained unreconciled, and in the absence of a credible explanation the addition on that issue was sustained. The matter therefore resulted in partial relief, with the assessee succeeding only on the cash-deposit addition and failing on the purchase-discrepancy addition. en-us Wed, 22 Jan 2025 00:00:00 +0530 Mon, 06 Oct 2025 09:10:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779409 Cash deposits during the demonetisation period were held unsustainable where the corresponding sales and purchases were accepted and the books of account were not rejected, so the addition was deleted. By contrast, a discrepancy between purchases shown in the return and the import-export data remained unreconciled, and in the absence of a credible explanation the addition on that issue was sustained. The matter therefore resulted in partial relief, with the assessee succeeding only on the cash-deposit addition and failing on the purchase-discrepancy addition. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779409