https://www.taxtmi.com/caselaws?id=469318 Where an assessee supports demonetisation-period cash deposits with ITR, books, bank statements, sales bills, transaction details and buyer-wise particulars, the burden shifts to the revenue to rebut that evidence with cogent material; additions based only on suspicion or presumed improbabilities are not justified. The note also states that an addition under section 68 cannot survive once primary evidence shows the genuineness of cash sales and receipts, and that section 269ST was not applicable to receipts relating to the assessment year 2017-18 because the restriction was said to have come into force from 01.04.2017. The appellate deletion of the addition was therefore affirmed. en-us Tue, 04 Mar 2025 00:00:00 +0530 Sat, 13 Jun 2026 09:25:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469318 Where an assessee supports demonetisation-period cash deposits with ITR, books, bank statements, sales bills, transaction details and buyer-wise particulars, the burden shifts to the revenue to rebut that evidence with cogent material; additions based only on suspicion or presumed improbabilities are not justified. The note also states that an addition under section 68 cannot survive once primary evidence shows the genuineness of cash sales and receipts, and that section 269ST was not applicable to receipts relating to the assessment year 2017-18 because the restriction was said to have come into force from 01.04.2017. The appellate deletion of the addition was therefore affirmed. Case-Laws Income Tax Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469318