https://www.taxtmi.com/caselaws?id=469362 ITAT Jaipur held that cash deposits during demonetisation were not unexplained under section 68 where the assessee had recorded sales in regular books, supported them with stock and VAT records, and the books were not rejected. Mere suspicion about the timing or volume of cash sales was held insufficient in the absence of concrete defects in the purchase or sales records. On those facts, the consequential levy under section 115BBE also did not survive, and the addition was deleted. en-us Wed, 05 Mar 2025 00:00:00 +0530 Mon, 15 Jun 2026 23:25:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469362 ITAT Jaipur held that cash deposits during demonetisation were not unexplained under section 68 where the assessee had recorded sales in regular books, supported them with stock and VAT records, and the books were not rejected. Mere suspicion about the timing or volume of cash sales was held insufficient in the absence of concrete defects in the purchase or sales records. On those facts, the consequential levy under section 115BBE also did not survive, and the addition was deleted. Case-Laws Income Tax Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469362