https://www.taxtmi.com/caselaws?id=791021 Cash deposits during demonetization could not be treated as unexplained money under section 69A where the assessee's cash sales were recorded in regular books, supported by sales, purchase, VAT/GST and audited records, and the books were not rejected under section 145(3). The absence of a stock register, by itself, particularly in a jewellery business, did not establish a defect in the accounts or justify an addition when no specific infirmity in the cash book or sales records was shown. Recorded business receipts backed by maintained books therefore remained outside section 69A treatment. en-us Fri, 24 Apr 2026 00:00:00 +0530 Tue, 05 May 2026 09:09:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791021 Cash deposits during demonetization could not be treated as unexplained money under section 69A where the assessee's cash sales were recorded in regular books, supported by sales, purchase, VAT/GST and audited records, and the books were not rejected under section 145(3). The absence of a stock register, by itself, particularly in a jewellery business, did not establish a defect in the accounts or justify an addition when no specific infirmity in the cash book or sales records was shown. Recorded business receipts backed by maintained books therefore remained outside section 69A treatment. Case-Laws Income Tax Fri, 24 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791021