https://www.taxtmi.com/caselaws?id=469291 Cash sales and cash deposits supported by audited books, stock records, sale invoices, VAT returns and other contemporaneous documents are not to be treated as unexplained cash credits under section 68 merely on suspicion. Where the cash book, ledger, sale and purchase registers, inventory details and bank records all reflect consistent stock movement, and no specific defect is found in the accounts or stock register, the explanation of source stands accepted. The analysis also notes that without rejecting the books or producing contrary evidence to show fictitious sales, an ad hoc addition cannot be sustained. en-us Wed, 09 Apr 2025 00:00:00 +0530 Fri, 12 Jun 2026 17:26:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469291 Cash sales and cash deposits supported by audited books, stock records, sale invoices, VAT returns and other contemporaneous documents are not to be treated as unexplained cash credits under section 68 merely on suspicion. Where the cash book, ledger, sale and purchase registers, inventory details and bank records all reflect consistent stock movement, and no specific defect is found in the accounts or stock register, the explanation of source stands accepted. The analysis also notes that without rejecting the books or producing contrary evidence to show fictitious sales, an ad hoc addition cannot be sustained. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469291