https://www.taxtmi.com/caselaws?id=792976 Demonetization-period cash deposit additions cannot be sustained on mere suspicion where the books show no specific defect in sales, purchases, stock, or cash balance, and the cash sales are supported by the record and VAT returns. On these facts, rejection of books under section 145(3) and the consequential addition as unexplained cash credit under section 68, together with taxability under section 115BBE, were held unsustainable. The tribunal found no direct or substantial evidence to rebut the assessee's explanation that the cash was actually available, so the ad hoc estimation was deleted and relief was allowed. en-us Wed, 03 Jun 2026 00:00:00 +0530 Sat, 06 Jun 2026 08:42:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792976 Demonetization-period cash deposit additions cannot be sustained on mere suspicion where the books show no specific defect in sales, purchases, stock, or cash balance, and the cash sales are supported by the record and VAT returns. On these facts, rejection of books under section 145(3) and the consequential addition as unexplained cash credit under section 68, together with taxability under section 115BBE, were held unsustainable. The tribunal found no direct or substantial evidence to rebut the assessee's explanation that the cash was actually available, so the ad hoc estimation was deleted and relief was allowed. Case-Laws Income Tax Wed, 03 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792976