https://www.taxtmi.com/caselaws?id=466799 Tribunal considered whether bank account deposits, including demonetisation-period cash, could be treated as unexplained cash credits where the assessing officer failed to verify the nature of credits. The taxpayer produced books of account, cash and bank books, sales and purchase registers, monthly sales charts and prior-year cash-sale evidence; purchases recorded were not doubted. The Tribunal found the assessing officer did not examine contra entries, internal transfers, refunds or the timing of filings and wrongly treated all credits as unexplained. Result: the addition of bank deposits as unexplained cash credits was deleted. en-us Tue, 25 Feb 2025 00:00:00 +0530 Fri, 20 Feb 2026 08:22:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466799 Tribunal considered whether bank account deposits, including demonetisation-period cash, could be treated as unexplained cash credits where the assessing officer failed to verify the nature of credits. The taxpayer produced books of account, cash and bank books, sales and purchase registers, monthly sales charts and prior-year cash-sale evidence; purchases recorded were not doubted. The Tribunal found the assessing officer did not examine contra entries, internal transfers, refunds or the timing of filings and wrongly treated all credits as unexplained. Result: the addition of bank deposits as unexplained cash credits was deleted. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466799