https://www.taxtmi.com/caselaws?id=793034 Cash deposits during demonetisation, when supported by duly recorded cash sales and regular business receipts, were held not to justify an addition under section 68 read with section 115BBE. The assessee's books, trading results, cash book, stock position and sales records were accepted, and no defect was found in purchases, sales or stock. Section 40A(3) was treated as inapplicable because the explanation concerned receipt-side inflows, not a claim for cash expenditure. On these facts, treating recorded sales again as unexplained income was unsustainable, and the deletion of the addition was affirmed. en-us Fri, 15 May 2026 00:00:00 +0530 Mon, 08 Jun 2026 08:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793034 Cash deposits during demonetisation, when supported by duly recorded cash sales and regular business receipts, were held not to justify an addition under section 68 read with section 115BBE. The assessee's books, trading results, cash book, stock position and sales records were accepted, and no defect was found in purchases, sales or stock. Section 40A(3) was treated as inapplicable because the explanation concerned receipt-side inflows, not a claim for cash expenditure. On these facts, treating recorded sales again as unexplained income was unsustainable, and the deletion of the addition was affirmed. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793034