https://www.taxtmi.com/caselaws?id=470441 Recorded cash sale proceeds deposited in specified bank notes during demonetisation are described as not constituting unexplained money where regular books, cash records, sales and purchase registers, bank statements, and consistent deposit patterns support the deposits as business receipts. The note also states that deposits made before the statutory appointed day were legally permissible. Carriage-outward expenditure accepted as genuine cannot be partly disallowed on an ad hoc percentage basis without identified defects in the books or material disproving the expenditure. The discussed additions for cash deposits and estimated 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 Recorded cash sale proceeds deposited in specified bank notes during demonetisation are described as not constituting unexplained money where regular books, cash records, sales and purchase registers, bank statements, and consistent deposit patterns support the deposits as business receipts. The note also states that deposits made before the statutory appointed day were legally permissible. Carriage-outward expenditure accepted as genuine cannot be partly disallowed on an ad hoc percentage basis without identified defects in the books or material disproving the expenditure. The discussed additions for cash deposits and estimated expenditure were deleted. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470441