https://www.taxtmi.com/caselaws?id=789265 ITAT Ahmedabad upheld rejection of books under section 145(3) where cash sales, cash on hand and cash deposits rose abnormally during demonetisation and the supporting invoices and records did not establish a reliable business pattern. On section 68, the tribunal accepted that opening cash balance and bank cash withdrawals provided available s for part of the deposits, so only the unexplained balance remained taxable and the addition was reduced pro tanto. It also upheld application of the special tax rate under section 115BBE to the addition sustained. The appeal therefore succeeded only in part, with partial relief confined to the quantum of unexplained deposits. en-us Fri, 27 Feb 2026 00:00:00 +0530 Mon, 06 Apr 2026 08:51:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789265 ITAT Ahmedabad upheld rejection of books under section 145(3) where cash sales, cash on hand and cash deposits rose abnormally during demonetisation and the supporting invoices and records did not establish a reliable business pattern. On section 68, the tribunal accepted that opening cash balance and bank cash withdrawals provided available s for part of the deposits, so only the unexplained balance remained taxable and the addition was reduced pro tanto. It also upheld application of the special tax rate under section 115BBE to the addition sustained. The appeal therefore succeeded only in part, with partial relief confined to the quantum of unexplained deposits. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789265