https://www.taxtmi.com/caselaws?id=792341 Rule 46A objection is unsustainable where the first appellate order is based on material already on record and no new evidence is shown to have been relied on at the appellate stage. Section 68 does not justify addition for cash deposits or sundry creditors when books are not rejected, stock records are maintained, sales are not abnormal, and the deposits are linked to recorded sales, cash-in-hand, or customer advances later adjusted against sales. Section 69B applies only to unrecorded or excess investments, so it cannot be invoked where the impugned transfers are reflected in the books and bank records and are explained through banking channels. en-us Wed, 29 Apr 2026 00:00:00 +0530 Wed, 27 May 2026 07:29:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792341 Rule 46A objection is unsustainable where the first appellate order is based on material already on record and no new evidence is shown to have been relied on at the appellate stage. Section 68 does not justify addition for cash deposits or sundry creditors when books are not rejected, stock records are maintained, sales are not abnormal, and the deposits are linked to recorded sales, cash-in-hand, or customer advances later adjusted against sales. Section 69B applies only to unrecorded or excess investments, so it cannot be invoked where the impugned transfers are reflected in the books and bank records and are explained through banking channels. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792341