https://www.taxtmi.com/caselaws?id=469318 Cash deposits during demonetisation were treated as satisfactorily explained where the assessee produced returns, financial statements, cash book, bank records, sales bills and buyer-wise details supporting genuine cash sales. Once primary documentary evidence established the source, the burden shifted to the revenue to rebut it with cogent material; additions for unexplained cash credits cannot rest on suspicion, prior-period comparisons or presumed improbabilities. The addition was therefore deleted. The cash-receipt restriction under section 269ST was inapplicable because it came into force after the relevant assessment year, and the appellate deletion was 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 Cash deposits during demonetisation were treated as satisfactorily explained where the assessee produced returns, financial statements, cash book, bank records, sales bills and buyer-wise details supporting genuine cash sales. Once primary documentary evidence established the source, the burden shifted to the revenue to rebut it with cogent material; additions for unexplained cash credits cannot rest on suspicion, prior-period comparisons or presumed improbabilities. The addition was therefore deleted. The cash-receipt restriction under section 269ST was inapplicable because it came into force after the relevant assessment year, and the appellate deletion was affirmed. Case-Laws Income Tax Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469318