https://www.taxtmi.com/caselaws?id=467737 Cash deposits made during demonetisation were not treated as unexplained money where the assessee's regular books recorded cash sales and were supported by sale invoices, stock records, bank statements, purchase details and VAT returns. In the absence of any defect in the books, any adverse material showing false sales, or any stock discrepancy, the explanation was accepted as discharged. A mere increase in sales during October and November 2016, without evidence of manipulation, was insufficient to justify an addition based on suspicion or presumption. The addition under section 69A read with section 115BBE was deleted. en-us Mon, 24 Feb 2025 00:00:00 +0530 Tue, 31 Mar 2026 19:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467737 Cash deposits made during demonetisation were not treated as unexplained money where the assessee's regular books recorded cash sales and were supported by sale invoices, stock records, bank statements, purchase details and VAT returns. In the absence of any defect in the books, any adverse material showing false sales, or any stock discrepancy, the explanation was accepted as discharged. A mere increase in sales during October and November 2016, without evidence of manipulation, was insufficient to justify an addition based on suspicion or presumption. The addition under section 69A read with section 115BBE was deleted. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467737