https://www.taxtmi.com/caselaws?id=785279 Addition under section 68 concerned cash deposits during demonetization alleged to be unexplained sales; where cash sales are comparable to earlier years and the Revenue does not dispute existence or sufficiency of stock, receipts from sale of goods cannot be treated as unexplained. The legal effect is that unexplained cash deposits asserted as sales will not be treated as income if the taxpayer demonstrates consistent sales patterns and availability of goods, and the Revenue fails to prove insufficiency of stock; consequently the assessment addition was set aside and the appeal allowed. en-us Mon, 15 Dec 2025 00:00:00 +0530 Wed, 21 Jan 2026 08:41:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785279 Addition under section 68 concerned cash deposits during demonetization alleged to be unexplained sales; where cash sales are comparable to earlier years and the Revenue does not dispute existence or sufficiency of stock, receipts from sale of goods cannot be treated as unexplained. The legal effect is that unexplained cash deposits asserted as sales will not be treated as income if the taxpayer demonstrates consistent sales patterns and availability of goods, and the Revenue fails to prove insufficiency of stock; consequently the assessment addition was set aside and the appeal allowed. Case-Laws Income Tax Mon, 15 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785279