https://www.taxtmi.com/caselaws?id=470405 Recorded cash sales supported by audited books, stock records, sale bills and related documents were treated as an adequate explanation for demonetisation-period cash deposits. The notes state that sales, purchases, trading results, stock availability and opening cash were not disproved, and no defects in the books or documentary evidence were identified. Mere presumptions of fictitious or backdated sales, based on human probabilities without contrary material, could not support treatment of the deposits as unexplained money. The stated addition was therefore deleted. en-us Thu, 20 Mar 2025 00:00:00 +0530 Sat, 25 Jul 2026 15:29:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470405 Recorded cash sales supported by audited books, stock records, sale bills and related documents were treated as an adequate explanation for demonetisation-period cash deposits. The notes state that sales, purchases, trading results, stock availability and opening cash were not disproved, and no defects in the books or documentary evidence were identified. Mere presumptions of fictitious or backdated sales, based on human probabilities without contrary material, could not support treatment of the deposits as unexplained money. The stated addition was therefore deleted. Case-Laws Income Tax Thu, 20 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470405