https://www.taxtmi.com/caselaws?id=788366 Whether cash deposits during demonetisation can be taxed as unexplained income where corresponding cash sales appear in books was resolved by applying the principle that deeming provisions for unexplained money operate only if the amount is not recorded or explanations are unsatisfactory. The Tribunal held that audited books, unchallenged stock records, VAT/CST returns, date wise sales/purchase charts, stock reconciliation and confirmations established recorded cash sales and no specific defect was pointed out by the AO; accordingly the addition treating deposits as unexplained income was deleted and the appeal allowed for the assessee. en-us Wed, 18 Mar 2026 00:00:00 +0530 Fri, 20 Mar 2026 08:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788366 Whether cash deposits during demonetisation can be taxed as unexplained income where corresponding cash sales appear in books was resolved by applying the principle that deeming provisions for unexplained money operate only if the amount is not recorded or explanations are unsatisfactory. The Tribunal held that audited books, unchallenged stock records, VAT/CST returns, date wise sales/purchase charts, stock reconciliation and confirmations established recorded cash sales and no specific defect was pointed out by the AO; accordingly the addition treating deposits as unexplained income was deleted and the appeal allowed for the assessee. Case-Laws Income Tax Wed, 18 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788366