https://www.taxtmi.com/caselaws?id=794808 Cash deposits made during demonetization, when fully explained by recorded cash sales supported by regular books, cash book, stock register, VAT returns and audited records, could not be added under section 68 in the absence of defects in the accounts or contrary evidence; the addition was deleted. A direction to verify deductions claimed under sections 80C and 80G and allow them in accordance with law was also upheld as a proper exercise of appellate power under section 250(6), with no demonstrated prejudice to the assessee. en-us Wed, 08 Jul 2026 00:00:00 +0530 Sat, 11 Jul 2026 08:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794808 Cash deposits made during demonetization, when fully explained by recorded cash sales supported by regular books, cash book, stock register, VAT returns and audited records, could not be added under section 68 in the absence of defects in the accounts or contrary evidence; the addition was deleted. A direction to verify deductions claimed under sections 80C and 80G and allow them in accordance with law was also upheld as a proper exercise of appellate power under section 250(6), with no demonstrated prejudice to the assessee. Case-Laws Income Tax Wed, 08 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794808