https://www.taxtmi.com/caselaws?id=796006 Cash found in employees' lockers was not assessable as unexplained money where the assessee established that it represented recorded sales of leftover construction material. Sales invoices, ledger and cash-book entries, buyer confirmations, audited accounts, inventory reduction and GST reporting supported the source. As the recorded sales, profits, stock and trading records remained accepted, and no positive evidence showed that the sales were false or the documentation fabricated, the conditions for an addition as unexplained money were not met. The addition was therefore deleted, applying the principle of consistency and requiring cogent material to reject an accounted source. en-us Mon, 27 Jul 2026 00:00:00 +0530 Thu, 30 Jul 2026 08:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796006 Cash found in employees' lockers was not assessable as unexplained money where the assessee established that it represented recorded sales of leftover construction material. Sales invoices, ledger and cash-book entries, buyer confirmations, audited accounts, inventory reduction and GST reporting supported the source. As the recorded sales, profits, stock and trading records remained accepted, and no positive evidence showed that the sales were false or the documentation fabricated, the conditions for an addition as unexplained money were not met. The addition was therefore deleted, applying the principle of consistency and requiring cogent material to reject an accounted source. Case-Laws Income Tax Mon, 27 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796006