https://www.taxtmi.com/caselaws?id=788116 Where documentary evidence - cash flow statement, bank statements and cash book - consistently explains closing cash and the books of account are not rejected, an addition as unexplained cash income cannot be sustained on mere presumption; accordingly the contested addition of the unexplained cash figure was deleted and the taxpayer's appeal allowed. The note emphasises that corroborative account records that trace withdrawals, redeposits and closing balance displace a conclusion of unexplained income absent positive rejection of books or contradictory evidence. en-us Thu, 19 Feb 2026 00:00:00 +0530 Tue, 17 Mar 2026 08:23:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788116 Where documentary evidence - cash flow statement, bank statements and cash book - consistently explains closing cash and the books of account are not rejected, an addition as unexplained cash income cannot be sustained on mere presumption; accordingly the contested addition of the unexplained cash figure was deleted and the taxpayer's appeal allowed. The note emphasises that corroborative account records that trace withdrawals, redeposits and closing balance displace a conclusion of unexplained income absent positive rejection of books or contradictory evidence. Case-Laws Income Tax Thu, 19 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788116