https://www.taxtmi.com/caselaws?id=794298 An ad hoc 15% addition from cash sales during the demonetisation period was held unsustainable as unexplained cash credits under section 68 where the books were not rejected and no adverse material supported estimation. The assessee had recorded the sales in regular books and reflected them in the VAT return, while the Assessing Officer relied only on suspicion about manipulation and the improbability of the sales volume. In the absence of a comparative study, stock discrepancy, or incriminating evidence, a part addition on conjecture could not be sustained. The addition was deleted and the issue went in favour of the assessee. en-us Tue, 26 May 2026 00:00:00 +0530 Fri, 03 Jul 2026 08:49:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794298 An ad hoc 15% addition from cash sales during the demonetisation period was held unsustainable as unexplained cash credits under section 68 where the books were not rejected and no adverse material supported estimation. The assessee had recorded the sales in regular books and reflected them in the VAT return, while the Assessing Officer relied only on suspicion about manipulation and the improbability of the sales volume. In the absence of a comparative study, stock discrepancy, or incriminating evidence, a part addition on conjecture could not be sustained. The addition was deleted and the issue went in favour of the assessee. Case-Laws Income Tax Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794298