https://www.taxtmi.com/caselaws?id=795101 Cash deposits in specified bank notes during demonetisation, explained as recorded business receipts, cannot be treated as unexplained money where audited books, day-wise cash records, sales and purchase registers, stock records, quantitative details and VAT returns support the explanation. Recorded sales and corresponding stock movement must be discredited through identified defects or material showing undisclosed sources before the explanation can be rejected. A higher cash balance alone does not establish unexplained income, particularly where deposits are lower than those in the corresponding preceding period. The addition under sections 68 or 69A was deleted. en-us Mon, 25 May 2026 00:00:00 +0530 Thu, 16 Jul 2026 11:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795101 Cash deposits in specified bank notes during demonetisation, explained as recorded business receipts, cannot be treated as unexplained money where audited books, day-wise cash records, sales and purchase registers, stock records, quantitative details and VAT returns support the explanation. Recorded sales and corresponding stock movement must be discredited through identified defects or material showing undisclosed sources before the explanation can be rejected. A higher cash balance alone does not establish unexplained income, particularly where deposits are lower than those in the corresponding preceding period. The addition under sections 68 or 69A was deleted. Case-Laws Income Tax Mon, 25 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795101