https://www.taxtmi.com/caselaws?id=793287 Cash deposits during demonetisation, when traceable to recorded cash sales, cannot be treated as unexplained cash credits merely because cash sales increased or invoices fell below the PAN-reporting threshold. Audited books, cash-book entries, stock movement records, VAT returns and Form-F declarations supported the turnover and source of deposits. Where the books are not rejected and no defect in sales, purchases, stock flow or documentary evidence is established, suspicion and sales-pattern anomalies do not displace the recorded-business-receipts explanation. The deposits were therefore treated as explained, and the addition was deleted. en-us Tue, 26 May 2026 00:00:00 +0530 Fri, 12 Jun 2026 08:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793287 Cash deposits during demonetisation, when traceable to recorded cash sales, cannot be treated as unexplained cash credits merely because cash sales increased or invoices fell below the PAN-reporting threshold. Audited books, cash-book entries, stock movement records, VAT returns and Form-F declarations supported the turnover and source of deposits. Where the books are not rejected and no defect in sales, purchases, stock flow or documentary evidence is established, suspicion and sales-pattern anomalies do not displace the recorded-business-receipts explanation. The deposits were therefore treated as explained, and the addition was deleted. Case-Laws Income Tax Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793287