https://www.taxtmi.com/caselaws?id=790062 Recorded cash sales deposited during the demonetisation period were not liable to separate addition as unexplained cash credit where they formed part of disclosed turnover, were reflected in the audited accounts and return, and were supported by stock records and cashbook entries; treating the same receipt again under section 68 would amount to double addition. Unsecured loan additions likewise failed where identity, creditworthiness and genuineness were shown through banking-channel transactions and the lender's records, or where no fresh loan receipt arose during the year. On the same footing, related interest disallowance was not justified absent proof that borrowed funds were used for non-business purposes. en-us Thu, 16 Apr 2026 00:00:00 +0530 Sat, 18 Apr 2026 08:22:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790062 Recorded cash sales deposited during the demonetisation period were not liable to separate addition as unexplained cash credit where they formed part of disclosed turnover, were reflected in the audited accounts and return, and were supported by stock records and cashbook entries; treating the same receipt again under section 68 would amount to double addition. Unsecured loan additions likewise failed where identity, creditworthiness and genuineness were shown through banking-channel transactions and the lender's records, or where no fresh loan receipt arose during the year. On the same footing, related interest disallowance was not justified absent proof that borrowed funds were used for non-business purposes. Case-Laws Income Tax Thu, 16 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790062