https://www.taxtmi.com/caselaws?id=791468 Cash deposits cannot be treated as unexplained cash credit where the assessment rests on a or revised Form 26AS entry and the assessee's books, turnover details, and bank deposit particulars show that the deposits came from business receipts. The Tribunal found that the factual foundation for invoking section 68 was erroneous because the correct cash deposit figure was materially different from the figure originally relied on, and the audited accounts supported the explanation of cash sales of chicken. In these circumstances, the addition was not sustainable and was deleted. en-us Fri, 27 Mar 2026 00:00:00 +0530 Mon, 01 Jun 2026 11:11:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791468 Cash deposits cannot be treated as unexplained cash credit where the assessment rests on a or revised Form 26AS entry and the assessee's books, turnover details, and bank deposit particulars show that the deposits came from business receipts. The Tribunal found that the factual foundation for invoking section 68 was erroneous because the correct cash deposit figure was materially different from the figure originally relied on, and the audited accounts supported the explanation of cash sales of chicken. In these circumstances, the addition was not sustainable and was deleted. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791468