https://www.taxtmi.com/caselaws?id=470405 Recorded cash sales supported by audited books, stock records, sale bills and related documents can explain demonetisation-period cash deposits where the revenue does not disprove sales, purchases, trading results, stock availability or opening cash. Mere presumptions of fictitious or backdated sales, based on the human probability test without contrary material or identified defects in the books, do not justify treating deposits as unexplained money. The addition for unexplained cash deposits 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 can explain demonetisation-period cash deposits where the revenue does not disprove sales, purchases, trading results, stock availability or opening cash. Mere presumptions of fictitious or backdated sales, based on the human probability test without contrary material or identified defects in the books, do not justify treating deposits as unexplained money. The addition for unexplained cash deposits was therefore deleted. Case-Laws Income Tax Thu, 20 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470405