https://www.taxtmi.com/caselaws?id=795751 Cash deposits during demonetisation stated to arise from recorded cash sales could not be wholly treated as unexplained cash credits, but the disproportionate increase in cash sales immediately before demonetisation justified a restricted lump-sum addition. The addition was limited to the stated amount. Documentary evidence, including creditor confirmation and ledger records, established the outstanding credit balance despite non-response to a statutory notice following the creditor's name change; the addition was deleted. Unclaimed input VAT included in purchase cost retained its revenue character and was allowable as business expenditure. Taxable income required recomputation, including eligible brought-forward loss set-off. en-us Mon, 29 Jun 2026 00:00:00 +0530 Mon, 27 Jul 2026 08:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795751 Cash deposits during demonetisation stated to arise from recorded cash sales could not be wholly treated as unexplained cash credits, but the disproportionate increase in cash sales immediately before demonetisation justified a restricted lump-sum addition. The addition was limited to the stated amount. Documentary evidence, including creditor confirmation and ledger records, established the outstanding credit balance despite non-response to a statutory notice following the creditor's name change; the addition was deleted. Unclaimed input VAT included in purchase cost retained its revenue character and was allowable as business expenditure. Taxable income required recomputation, including eligible brought-forward loss set-off. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795751