https://www.taxtmi.com/caselaws?id=794078 Recorded cash deposits shown as sales in the books could not be treated as unexplained income under Section 69A where the Assessing Officer had not rejected the books under Section 145(3) and no material discrepancy was found in stock movement, VAT returns or financial statements. The assessee's supporting documentation and higher gross profit further supported the cash sales, so the Revenue could not dislodge the concurrent factual findings. The Gujarat HC accordingly found Section 69A inapplicable to the recorded sales and rejected the challenge for want of any substantial question of law. en-us Tue, 23 Jun 2026 00:00:00 +0530 Mon, 29 Jun 2026 09:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794078 Recorded cash deposits shown as sales in the books could not be treated as unexplained income under Section 69A where the Assessing Officer had not rejected the books under Section 145(3) and no material discrepancy was found in stock movement, VAT returns or financial statements. The assessee's supporting documentation and higher gross profit further supported the cash sales, so the Revenue could not dislodge the concurrent factual findings. The Gujarat HC accordingly found Section 69A inapplicable to the recorded sales and rejected the challenge for want of any substantial question of law. Case-Laws Income Tax Tue, 23 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794078