https://www.taxtmi.com/caselaws?id=468115 Regularly maintained books supported by computerised invoices, cash book, sales registers, stock records and excise records were not rejected merely because hard copies were absent, as no specific defect was identified; the 2% net profit estimate lacked any comparable or verifiable basis and was deleted. Cash deposits made during the demonetisation period were accepted as explained where they were linked to recorded cash in hand, cash book entries, cash sales and corroborative records; in the absence of a defect in the supporting material, the deposits were not treated as unexplained cash credit. en-us Thu, 13 Feb 2025 00:00:00 +0530 Thu, 16 Apr 2026 19:01:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468115 Regularly maintained books supported by computerised invoices, cash book, sales registers, stock records and excise records were not rejected merely because hard copies were absent, as no specific defect was identified; the 2% net profit estimate lacked any comparable or verifiable basis and was deleted. Cash deposits made during the demonetisation period were accepted as explained where they were linked to recorded cash in hand, cash book entries, cash sales and corroborative records; in the absence of a defect in the supporting material, the deposits were not treated as unexplained cash credit. Case-Laws Income Tax Thu, 13 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468115