https://www.taxtmi.com/caselaws?id=470481 Audited and completed books supported by purchase bills, financial statements, tax audit records, disclosed sales and recorded cash balances cannot be rejected merely because survey-time records were incomplete or sales and cash balances increased compared with earlier years. A summary of monthly gold quantities is insufficient grounds for rejection where underlying daily records show no defect, and accepted VAT sales were not disproved by adverse material. Cash deposits during demonetisation are explained where they arise from recorded cash sales, adequate stock supports those sales, and the recorded cash balance is not disproved. The notes state that the additions for estimated profit and unexplained money were deleted. en-us Fri, 21 Mar 2025 00:00:00 +0530 Tue, 28 Jul 2026 19:00:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470481 Audited and completed books supported by purchase bills, financial statements, tax audit records, disclosed sales and recorded cash balances cannot be rejected merely because survey-time records were incomplete or sales and cash balances increased compared with earlier years. A summary of monthly gold quantities is insufficient grounds for rejection where underlying daily records show no defect, and accepted VAT sales were not disproved by adverse material. Cash deposits during demonetisation are explained where they arise from recorded cash sales, adequate stock supports those sales, and the recorded cash balance is not disproved. The notes state that the additions for estimated profit and unexplained money were deleted. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470481