https://www.taxtmi.com/caselaws?id=787932 Treating recorded sales as unexplained cash credits is not tenable where the amounts form part of turnover, are recorded in books, routed through banking channels, GST has been discharged and profit on those sales is offered to tax; section 68 therefore does not apply and the addition is deleted. Similarly, estimating additional profit is impermissible absent rejection of books, demonstrated suppression, or unreliability of trading results; where sales and profits are accepted and books stand, the CIT(A)'s uplift is deleted. en-us Fri, 27 Feb 2026 00:00:00 +0530 Sat, 14 Mar 2026 08:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787932 Treating recorded sales as unexplained cash credits is not tenable where the amounts form part of turnover, are recorded in books, routed through banking channels, GST has been discharged and profit on those sales is offered to tax; section 68 therefore does not apply and the addition is deleted. Similarly, estimating additional profit is impermissible absent rejection of books, demonstrated suppression, or unreliability of trading results; where sales and profits are accepted and books stand, the CIT(A)'s uplift is deleted. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787932