https://www.taxtmi.com/caselaws?id=789259 Cash sales deposited during the demonetisation period were treated as explained business receipts where the assessee substantiated them with cash book entries, sales register, stock records, VAT returns, sale invoices and audited accounts. The ITAT found no defect in the books or supporting records, and held that unusual timing or volume of sales, by itself, was insufficient to reject documented transactions on the human probability test. As the Department failed to establish any specific infirmity in the evidence, the addition as unexplained cash credits under section 68 was deleted. en-us Thu, 26 Feb 2026 00:00:00 +0530 Mon, 06 Apr 2026 08:51:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789259 Cash sales deposited during the demonetisation period were treated as explained business receipts where the assessee substantiated them with cash book entries, sales register, stock records, VAT returns, sale invoices and audited accounts. The ITAT found no defect in the books or supporting records, and held that unusual timing or volume of sales, by itself, was insufficient to reject documented transactions on the human probability test. As the Department failed to establish any specific infirmity in the evidence, the addition as unexplained cash credits under section 68 was deleted. Case-Laws Income Tax Thu, 26 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789259