https://www.taxtmi.com/caselaws?id=787922 Addition under Section 68 read with Section 115BBE for alleged unexplained cash deposits during demonetisation was examined against the statutory test requiring the assessee to prove identity, capacity and genuineness of transactions. The tribunal found books audited, primary records (stock registers, VAT filings and sales) matching survey findings and no invocation of book-rejection provisions; the Assessing Officer failed to produce independent evidence or third party confirmations to displace documentary records. The legal principle applied is that unexplained-credit additions cannot rest on statistical comparisons or suspicion alone where books and supporting documents are accepted; the appellate deletion of the addition was therefore sustained. en-us Wed, 11 Feb 2026 00:00:00 +0530 Wed, 11 Mar 2026 14:19:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787922 Addition under Section 68 read with Section 115BBE for alleged unexplained cash deposits during demonetisation was examined against the statutory test requiring the assessee to prove identity, capacity and genuineness of transactions. The tribunal found books audited, primary records (stock registers, VAT filings and sales) matching survey findings and no invocation of book-rejection provisions; the Assessing Officer failed to produce independent evidence or third party confirmations to displace documentary records. The legal principle applied is that unexplained-credit additions cannot rest on statistical comparisons or suspicion alone where books and supporting documents are accepted; the appellate deletion of the addition was therefore sustained. Case-Laws Income Tax Wed, 11 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787922