https://www.taxtmi.com/caselaws?id=466942 The article analyses an appellate decision on whether cash sales during demonetisation were fabricated, concluding that the revenue failed to prove fabrication where purchases and stock records supported recorded sales and forensic anomalies were not conclusively contradictory; accordingly the large addition for alleged bogus sales was deleted. It also examines survey-driven additions: excess stock was recalculated and partially sustained, cash-shortage addition deleted after reconciliation, and books were treated as unreliable for the post-demonetisation period only for gross-profit estimation, resulting in a sustained gross profit addition. en-us Fri, 10 May 2024 00:00:00 +0530 Thu, 26 Feb 2026 15:12:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466942 The article analyses an appellate decision on whether cash sales during demonetisation were fabricated, concluding that the revenue failed to prove fabrication where purchases and stock records supported recorded sales and forensic anomalies were not conclusively contradictory; accordingly the large addition for alleged bogus sales was deleted. It also examines survey-driven additions: excess stock was recalculated and partially sustained, cash-shortage addition deleted after reconciliation, and books were treated as unreliable for the post-demonetisation period only for gross-profit estimation, resulting in a sustained gross profit addition. Case-Laws Income Tax Fri, 10 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466942