https://www.taxtmi.com/caselaws?id=796075 Recorded cash deposits during demonetisation were treated as explained where audited books showed sufficient cash-in-hand, the cash book and supporting records contained no identified defects, and unserved borrower notices did not negate recorded cash recoveries. The notes also state that higher deposits were consistent with depositing recorded specified bank notes. Ad hoc disallowances of commission and tour-and-travel expenditure were not justified without defects in accepted books or identification of specific non-business or personal expenditure. Travel connected with loan recovery and field verification in a non-banking financial business was treated as business-related. The appellate relief deleting the cash-deposit addition and expense disallowances remained undisturbed. en-us Wed, 27 May 2026 00:00:00 +0530 Fri, 31 Jul 2026 08:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796075 Recorded cash deposits during demonetisation were treated as explained where audited books showed sufficient cash-in-hand, the cash book and supporting records contained no identified defects, and unserved borrower notices did not negate recorded cash recoveries. The notes also state that higher deposits were consistent with depositing recorded specified bank notes. Ad hoc disallowances of commission and tour-and-travel expenditure were not justified without defects in accepted books or identification of specific non-business or personal expenditure. Travel connected with loan recovery and field verification in a non-banking financial business was treated as business-related. The appellate relief deleting the cash-deposit addition and expense disallowances remained undisturbed. Case-Laws Income Tax Wed, 27 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796075