https://www.taxtmi.com/caselaws?id=788031 Whether additions under unexplained cash provisions could be sustained where assessee produced contemporaneous books, audited financial statements and GST reporting was the central issue; ITAT treated the taxpayer's production of cash book, bank book, sales ledgers with party details and audited accounts as discharging the onus to explain deposits and found that alleged discrepancies, average-withdrawal comparisons and questioning of prudence did not demonstrate falsity or warrant rejection of books. Outcome: addition of the unexplained cash amount was deleted and the issue decided for the assessee. en-us Mon, 23 Feb 2026 00:00:00 +0530 Fri, 13 Mar 2026 16:03:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788031 Whether additions under unexplained cash provisions could be sustained where assessee produced contemporaneous books, audited financial statements and GST reporting was the central issue; ITAT treated the taxpayer's production of cash book, bank book, sales ledgers with party details and audited accounts as discharging the onus to explain deposits and found that alleged discrepancies, average-withdrawal comparisons and questioning of prudence did not demonstrate falsity or warrant rejection of books. Outcome: addition of the unexplained cash amount was deleted and the issue decided for the assessee. Case-Laws Income Tax Mon, 23 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788031