https://www.taxtmi.com/caselaws?id=792703 Bank credits exceeding turnover disclosed in the profit and loss account were not, by themselves, sufficient to invoke section 69A where the assessee produced books of account, audited statements, bank records, invoices, lorry receipts, commission statements, and a reconciliation showing that substantial deposits represented consignment sale proceeds handled as a del-credere commission agent. Because the books were not rejected under section 145(3) and no contrary material disproved the business model or reconciliation, the differential amount could not be treated as unexplained money. On that basis, the addition under section 69A was held unsustainable and directed to be deleted. en-us Tue, 12 May 2026 00:00:00 +0530 Tue, 02 Jun 2026 08:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792703 Bank credits exceeding turnover disclosed in the profit and loss account were not, by themselves, sufficient to invoke section 69A where the assessee produced books of account, audited statements, bank records, invoices, lorry receipts, commission statements, and a reconciliation showing that substantial deposits represented consignment sale proceeds handled as a del-credere commission agent. Because the books were not rejected under section 145(3) and no contrary material disproved the business model or reconciliation, the differential amount could not be treated as unexplained money. On that basis, the addition under section 69A was held unsustainable and directed to be deleted. Case-Laws Income Tax Tue, 12 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792703