https://www.taxtmi.com/caselaws?id=465908 Addition treated as deemed income from unexplained cash deposits during the demonetization period was challenged on the basis that sales were duly recorded and evidenced in books of account; appellate authority accepted evidentiary material and remand report led to deletion of the addition because the assessing officer failed to contradict the factual findings that books were reliable and sales supported, thereby negating the condition precedent for invoking unexplained income provisions. The result favored the assessee with deletion of the addition. en-us Fri, 17 May 2024 00:00:00 +0530 Wed, 14 Jan 2026 20:51:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465908 Addition treated as deemed income from unexplained cash deposits during the demonetization period was challenged on the basis that sales were duly recorded and evidenced in books of account; appellate authority accepted evidentiary material and remand report led to deletion of the addition because the assessing officer failed to contradict the factual findings that books were reliable and sales supported, thereby negating the condition precedent for invoking unexplained income provisions. The result favored the assessee with deletion of the addition. Case-Laws Income Tax Fri, 17 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465908