https://www.taxtmi.com/caselaws?id=467303 Where books of account, sales and purchase registers, stock records, financial statements, VAT returns, cash book and bank statements are produced and subjected to cross verification with matching entries, additions treating alleged cash sales as fabricated or unexplained cash credits cannot be sustained on mere disbelief; independent contrary evidence or further inquiry is required. Similarly, where no new evidence is filed before the appellate authority and the assessment materials were available and verified, invoking Rule 46A to seek AO comments is not mandatory. Operative effect: additions and procedural objection were rejected in favour of the taxpayer. en-us Thu, 31 Jul 2025 00:00:00 +0530 Fri, 13 Mar 2026 18:58:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467303 Where books of account, sales and purchase registers, stock records, financial statements, VAT returns, cash book and bank statements are produced and subjected to cross verification with matching entries, additions treating alleged cash sales as fabricated or unexplained cash credits cannot be sustained on mere disbelief; independent contrary evidence or further inquiry is required. Similarly, where no new evidence is filed before the appellate authority and the assessment materials were available and verified, invoking Rule 46A to seek AO comments is not mandatory. Operative effect: additions and procedural objection were rejected in favour of the taxpayer. Case-Laws Income Tax Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467303