https://www.taxtmi.com/caselaws?id=789109 Cash sales from scrap trading could not be treated as unexplained cash credit under section 68 where the assessee had regularly disclosed turnover and income under the presumptive scheme in section 44AD. The concentration of sales in October 2016, without cogent evidence of bogus receipts or unexplained income, was insufficient to reject the declared business activity. As books were not required to be maintained in the manner assumed by the Assessing Officer, the declared sales could not be disbelieved on suspicion alone. The addition under section 68 was therefore deleted in favour of the assessee. en-us Fri, 20 Feb 2026 00:00:00 +0530 Fri, 03 Apr 2026 08:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789109 Cash sales from scrap trading could not be treated as unexplained cash credit under section 68 where the assessee had regularly disclosed turnover and income under the presumptive scheme in section 44AD. The concentration of sales in October 2016, without cogent evidence of bogus receipts or unexplained income, was insufficient to reject the declared business activity. As books were not required to be maintained in the manner assumed by the Assessing Officer, the declared sales could not be disbelieved on suspicion alone. The addition under section 68 was therefore deleted in favour of the assessee. Case-Laws Income Tax Fri, 20 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789109