https://www.taxtmi.com/caselaws?id=795000 Cash deposits during demonetisation were supported by audited books, stock records, purchase vouchers, sales invoices, VAT returns and quantitative stock reconciliation in a fabric-trading business. The available cash balance exceeded the deposits, gross profit results had been accepted, and no independent inquiry established that the related sales were fictitious or that the books required rejection. A sudden increase in cash sales and suspicion based on the human-probability test could not displace coherent documentary evidence after the taxpayer discharged the burden of proof under Section 68. The Section 68 addition was therefore unsustainable and deleted. en-us Fri, 10 Jul 2026 00:00:00 +0530 Wed, 15 Jul 2026 08:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795000 Cash deposits during demonetisation were supported by audited books, stock records, purchase vouchers, sales invoices, VAT returns and quantitative stock reconciliation in a fabric-trading business. The available cash balance exceeded the deposits, gross profit results had been accepted, and no independent inquiry established that the related sales were fictitious or that the books required rejection. A sudden increase in cash sales and suspicion based on the human-probability test could not displace coherent documentary evidence after the taxpayer discharged the burden of proof under Section 68. The Section 68 addition was therefore unsustainable and deleted. Case-Laws Income Tax Fri, 10 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795000