https://www.taxtmi.com/caselaws?id=789485 Cash deposits reflected in audited books were not treated as unexplained cash credits under section 68 where the assessee supported them with audited accounts, bank statements, cash flow records and a consistent business explanation. The deposits were said to arise from receipts collected through a PAN-India transport network, and the record showed no cogent material rebutting that explanation. On those facts, the addition was held unjustified and the appellate deletion of the cash-credit addition was upheld, leaving the Revenue's challenge unsuccessful. en-us Fri, 20 Mar 2026 00:00:00 +0530 Thu, 09 Apr 2026 08:09:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789485 Cash deposits reflected in audited books were not treated as unexplained cash credits under section 68 where the assessee supported them with audited accounts, bank statements, cash flow records and a consistent business explanation. The deposits were said to arise from receipts collected through a PAN-India transport network, and the record showed no cogent material rebutting that explanation. On those facts, the addition was held unjustified and the appellate deletion of the cash-credit addition was upheld, leaving the Revenue's challenge unsuccessful. Case-Laws Income Tax Fri, 20 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789485