https://www.taxtmi.com/caselaws?id=467700 Cash deposits during the demonetisation period were supported by sales bills, cash book, stock register, purchase records and VAT returns, and the books were not rejected or shown to contain bogus sales. Section 69A applies only where money is found not recorded in the books of account, so it cannot be used to tax recorded receipts or create double taxation. On the facts, the explanation for the deposits was held reasonable and fully supported by the record, and the addition under section 69A was deleted. en-us Mon, 17 Feb 2025 00:00:00 +0530 Mon, 30 Mar 2026 19:50:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467700 Cash deposits during the demonetisation period were supported by sales bills, cash book, stock register, purchase records and VAT returns, and the books were not rejected or shown to contain bogus sales. Section 69A applies only where money is found not recorded in the books of account, so it cannot be used to tax recorded receipts or create double taxation. On the facts, the explanation for the deposits was held reasonable and fully supported by the record, and the addition under section 69A was deleted. Case-Laws Income Tax Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467700