https://www.taxtmi.com/caselaws?id=790232 Where books of account are accepted and not rejected, an addition for alleged unexplained cash sales and cash deposits during the demonetisation period cannot rest merely on suspicion, human probability, or absence of earlier similar sales. The ITAT Delhi AT noted that the assessee's cash deposits were explained as sales recorded in the books, the books were not rejected under section 145, and the assessment did not proceed on any rejection of disclosed trading results. It also observed that the cash sales and deposits occurred before demonetisation, weakening any inference of unaccounted money. The addition under section 68 read with section 115BBE was therefore held unsustainable. en-us Wed, 25 Feb 2026 00:00:00 +0530 Wed, 22 Apr 2026 08:47:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790232 Where books of account are accepted and not rejected, an addition for alleged unexplained cash sales and cash deposits during the demonetisation period cannot rest merely on suspicion, human probability, or absence of earlier similar sales. The ITAT Delhi AT noted that the assessee's cash deposits were explained as sales recorded in the books, the books were not rejected under section 145, and the assessment did not proceed on any rejection of disclosed trading results. It also observed that the cash sales and deposits occurred before demonetisation, weakening any inference of unaccounted money. The addition under section 68 read with section 115BBE was therefore held unsustainable. Case-Laws Income Tax Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790232