https://www.taxtmi.com/caselaws?id=789179 Cash deposits made during the demonetisation period could not be treated as unexplained income under section 68 where the assessee's audited books were not rejected, the cash book recorded the deposits, and the corresponding cash sales were supported by the stock register and sales tax records. As no defect was found in the accounts or stock records, and the record showed a pattern of substantial cash sales in the relevant festival months, the deposits were held to have an explained source. The addition under section 68 was deleted, and the assessee succeeded. en-us Wed, 25 Feb 2026 00:00:00 +0530 Sat, 04 Apr 2026 08:53:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789179 Cash deposits made during the demonetisation period could not be treated as unexplained income under section 68 where the assessee's audited books were not rejected, the cash book recorded the deposits, and the corresponding cash sales were supported by the stock register and sales tax records. As no defect was found in the accounts or stock records, and the record showed a pattern of substantial cash sales in the relevant festival months, the deposits were held to have an explained source. The addition under section 68 was deleted, and the assessee succeeded. Case-Laws Income Tax Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789179