https://www.taxtmi.com/caselaws?id=787155 Whether unexplained cash additions based on demonetisation-period deposits were justified turned on evidentiary burden and reliability of books. The tribunal applied the principle that where contemporaneous books, sales registers, stock records, VAT returns and audit reports are produced and not rejected, the department must demonstrate unreliability before treating recorded receipts as unexplained cash; absent such adverse findings and given reconciliation with stock and filings, re-adding assessed business receipts would amount to impermissible double taxation, and the addition was therefore deleted. en-us Tue, 24 Feb 2026 00:00:00 +0530 Thu, 26 Feb 2026 13:04:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787155 Whether unexplained cash additions based on demonetisation-period deposits were justified turned on evidentiary burden and reliability of books. The tribunal applied the principle that where contemporaneous books, sales registers, stock records, VAT returns and audit reports are produced and not rejected, the department must demonstrate unreliability before treating recorded receipts as unexplained cash; absent such adverse findings and given reconciliation with stock and filings, re-adding assessed business receipts would amount to impermissible double taxation, and the addition was therefore deleted. Case-Laws Income Tax Tue, 24 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787155