https://www.taxtmi.com/caselaws?id=470743 Regular books supported by audited accounts, invoices, bank records and quantitative stock registers should not be rejected merely because cash withdrawals were made despite cash balances, absent evidence of incorrect entries or defects in the books or stock records. Cash deposits representing recorded sales, reflected in audited turnover and supported by sufficient cash balance and stock movement, cannot be assessed again as unexplained cash credit without material showing bogus sales or unrecorded cash. The notes state that the recorded cash-sale explanation was accepted and the corresponding addition deleted. en-us Fri, 07 Mar 2025 00:00:00 +0530 Thu, 06 Aug 2026 19:34:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470743 Regular books supported by audited accounts, invoices, bank records and quantitative stock registers should not be rejected merely because cash withdrawals were made despite cash balances, absent evidence of incorrect entries or defects in the books or stock records. Cash deposits representing recorded sales, reflected in audited turnover and supported by sufficient cash balance and stock movement, cannot be assessed again as unexplained cash credit without material showing bogus sales or unrecorded cash. The notes state that the recorded cash-sale explanation was accepted and the corresponding addition deleted. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470743