https://www.taxtmi.com/caselaws?id=787609 The tribunal addressed two issues: first, it held that cash deposits arising from recorded cash sales cannot be treated as unexplained cash credit where books of account, cash sales entries, corresponding stock movements and GST returns were accepted, because that would amount to taxing the same profit twice; the addition on this ground was deleted. Second, it sustained an addition for excess stock found on survey because the assessee's contemporaneous statement attributed the variation to counting error while a later claim that goods were non-dispatched was an unsubstantiated afterthought; that addition was upheld. en-us Wed, 07 Jan 2026 00:00:00 +0530 Tue, 10 Mar 2026 08:51:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787609 The tribunal addressed two issues: first, it held that cash deposits arising from recorded cash sales cannot be treated as unexplained cash credit where books of account, cash sales entries, corresponding stock movements and GST returns were accepted, because that would amount to taxing the same profit twice; the addition on this ground was deleted. Second, it sustained an addition for excess stock found on survey because the assessee's contemporaneous statement attributed the variation to counting error while a later claim that goods were non-dispatched was an unsubstantiated afterthought; that addition was upheld. Case-Laws Income Tax Wed, 07 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787609