https://www.taxtmi.com/caselaws?id=470441 Cash deposits in specified bank notes during demonetisation, recorded as business sale receipts and supported by regular books, bank statements, sales and purchase registers, and consistent deposit patterns, cannot be treated as unexplained money where no inconsistency is identified. Deposits made before the statutory appointed day remained legally permissible. Carriage-outward expenditure accepted as genuine cannot be partly disallowed on an ad hoc percentage basis without defects in the books or material disproving the expenditure. The additions for unexplained cash deposits and estimated carriage-outward expenditure were deleted. en-us Mon, 30 Jun 2025 00:00:00 +0530 Mon, 27 Jul 2026 19:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470441 Cash deposits in specified bank notes during demonetisation, recorded as business sale receipts and supported by regular books, bank statements, sales and purchase registers, and consistent deposit patterns, cannot be treated as unexplained money where no inconsistency is identified. Deposits made before the statutory appointed day remained legally permissible. Carriage-outward expenditure accepted as genuine cannot be partly disallowed on an ad hoc percentage basis without defects in the books or material disproving the expenditure. The additions for unexplained cash deposits and estimated carriage-outward expenditure were deleted. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470441