https://www.taxtmi.com/caselaws?id=792272 Cash deposits during the demonetization period were treated as business receipts, not unexplained cash credits, where the assessee showed a cash-intensive travel business, opening cash balance, sales-linked collections, and bank-supported deposit details. The record did not reveal any defect in the books or in the explanation that the deposits came from recorded cash sales and collections. On those facts, the addition under section 68 could not stand because it rested on conjecture rather than a demonstrated unexplained source, and the deletion was upheld. en-us Fri, 08 May 2026 00:00:00 +0530 Tue, 26 May 2026 08:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792272 Cash deposits during the demonetization period were treated as business receipts, not unexplained cash credits, where the assessee showed a cash-intensive travel business, opening cash balance, sales-linked collections, and bank-supported deposit details. The record did not reveal any defect in the books or in the explanation that the deposits came from recorded cash sales and collections. On those facts, the addition under section 68 could not stand because it rested on conjecture rather than a demonstrated unexplained source, and the deletion was upheld. Case-Laws Income Tax Fri, 08 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792272