https://www.taxtmi.com/caselaws?id=468689 Where purchases, sales, stock movement and cash balances were supported by audited books, rejection of books of account was unwarranted; the assessee succeeded on that issue. Unsecured loans supported only by incomplete confirmations required fresh examination because the evidentiary defect and Rule 46A objection had not been fully addressed; the matter was remanded. Cash deposits made during demonetisation were explained through recorded cash sales and available book cash balance, so the addition was deleted. Estimation of commission on alleged accommodation entries was also rejected because the sales and receipts were recorded and supported by stock records; the addition was deleted. en-us Thu, 06 Feb 2025 00:00:00 +0530 Sun, 17 May 2026 09:19:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468689 Where purchases, sales, stock movement and cash balances were supported by audited books, rejection of books of account was unwarranted; the assessee succeeded on that issue. Unsecured loans supported only by incomplete confirmations required fresh examination because the evidentiary defect and Rule 46A objection had not been fully addressed; the matter was remanded. Cash deposits made during demonetisation were explained through recorded cash sales and available book cash balance, so the addition was deleted. Estimation of commission on alleged accommodation entries was also rejected because the sales and receipts were recorded and supported by stock records; the addition was deleted. Case-Laws Income Tax Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468689