https://www.taxtmi.com/caselaws?id=782001 Sale proceeds from saree transactions could not be treated as unexplained money under section 69A where the assessee supported the receipts with ledger entries, invoices, bank details and ledger extracts, and the purchaser complied with notice under section 133(6). The Inspector's verification also confirmed the purchaser's existence at the stated premises, and the receipts were routed through banking channels with no material showing cash movement or rebutting the transaction evidence. The addition was therefore deleted, and the assessee's disclosed turnover could not be ignored without proper adjustment to the returned income. en-us Wed, 23 Jul 2025 00:00:00 +0530 Mon, 24 Nov 2025 08:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782001 Sale proceeds from saree transactions could not be treated as unexplained money under section 69A where the assessee supported the receipts with ledger entries, invoices, bank details and ledger extracts, and the purchaser complied with notice under section 133(6). The Inspector's verification also confirmed the purchaser's existence at the stated premises, and the receipts were routed through banking channels with no material showing cash movement or rebutting the transaction evidence. The addition was therefore deleted, and the assessee's disclosed turnover could not be ignored without proper adjustment to the returned income. Case-Laws Income Tax Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782001