https://www.taxtmi.com/caselaws?id=788658 Cash deposits during the demonetisation period were accepted as explained where the assessee produced bank certification, cash book, sales and purchase ledgers, month-wise cash sales, closing cash-in-hand and supporting certificates from the marketing committee. The records showed a regulated consignment-sales business with substantial turnover, and the regular books were neither found defective nor rejected. A comparison with lower cash deposits in the preceding year was held insufficient, by itself, to disbelieve the source of deposits. The addition treated as business income was deleted. en-us Tue, 24 Mar 2026 00:00:00 +0530 Thu, 26 Mar 2026 09:05:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788658 Cash deposits during the demonetisation period were accepted as explained where the assessee produced bank certification, cash book, sales and purchase ledgers, month-wise cash sales, closing cash-in-hand and supporting certificates from the marketing committee. The records showed a regulated consignment-sales business with substantial turnover, and the regular books were neither found defective nor rejected. A comparison with lower cash deposits in the preceding year was held insufficient, by itself, to disbelieve the source of deposits. The addition treated as business income was deleted. Case-Laws Income Tax Tue, 24 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788658