https://www.taxtmi.com/caselaws?id=787410 Issue concerns treatment of receipts recorded as sales and taxed in the assessee's books vis-a -vis characterization as unexplained cash credits. The analysis applies the principle that where receipts are recorded as business sales, resultant profit is offered to tax and the books of account are not rejected, such amounts should not be treated as unexplained cash credits absent independent evidence displacing the recorded sales. Coordinate bench precedent is relied on to conclude that an addition on unexplained cash credit basis is unsustainable without rejection of books or separate proof to contradict the accounting records. en-us Fri, 09 Jan 2026 00:00:00 +0530 Thu, 05 Mar 2026 08:41:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787410 Issue concerns treatment of receipts recorded as sales and taxed in the assessee's books vis-a -vis characterization as unexplained cash credits. The analysis applies the principle that where receipts are recorded as business sales, resultant profit is offered to tax and the books of account are not rejected, such amounts should not be treated as unexplained cash credits absent independent evidence displacing the recorded sales. Coordinate bench precedent is relied on to conclude that an addition on unexplained cash credit basis is unsustainable without rejection of books or separate proof to contradict the accounting records. Case-Laws Income Tax Fri, 09 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787410