https://www.taxtmi.com/caselaws?id=795586 Demonetisation-period cash deposits attributed to jewellery sales and old-stock clearance required fresh verification because the claimed exhibition sale, discounts, lease expiry and increased sales were unsupported and needed examination; the addition was remanded to the Assessing Officer for readjudication. Cash sales recorded in an impounded order book could not be assessed as unexplained money of the firm where evidence linked them to a partner's individually disclosed and taxed tailoring business. As the revenue did not rebut that explanation through customer enquiries or other evidence, the addition in the firm's hands was deleted. en-us Fri, 22 May 2026 00:00:00 +0530 Fri, 24 Jul 2026 08:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795586 Demonetisation-period cash deposits attributed to jewellery sales and old-stock clearance required fresh verification because the claimed exhibition sale, discounts, lease expiry and increased sales were unsupported and needed examination; the addition was remanded to the Assessing Officer for readjudication. Cash sales recorded in an impounded order book could not be assessed as unexplained money of the firm where evidence linked them to a partner's individually disclosed and taxed tailoring business. As the revenue did not rebut that explanation through customer enquiries or other evidence, the addition in the firm's hands was deleted. Case-Laws Income Tax Fri, 22 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795586