https://www.taxtmi.com/caselaws?id=786978 Addition for unexplained cash deposits during the demonetisation period was rejected by ITAT after finding audited books, VAT returns and stock records evidenced the cash entries; the tribunal applied the evidentiary principle that documentary reconciliation and stock sufficiency rebut an unexplained cash classification and that treating sales already offered to tax as unexplained cash would produce double taxation; outcome: the addition was deleted, the assessee's explanation accepted and the assessing officer directed to recompute income accordingly. en-us Wed, 18 Feb 2026 00:00:00 +0530 Tue, 24 Feb 2026 08:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786978 Addition for unexplained cash deposits during the demonetisation period was rejected by ITAT after finding audited books, VAT returns and stock records evidenced the cash entries; the tribunal applied the evidentiary principle that documentary reconciliation and stock sufficiency rebut an unexplained cash classification and that treating sales already offered to tax as unexplained cash would produce double taxation; outcome: the addition was deleted, the assessee's explanation accepted and the assessing officer directed to recompute income accordingly. Case-Laws Income Tax Wed, 18 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786978