https://www.taxtmi.com/caselaws?id=470933 Cash deposits recorded in regularly maintained and audited books, supported by cash-book entries and corresponding VAT-return sales, were not treated as wholly unexplained where no defect in the books was identified and the books were not rejected. Statistical comparison showing abnormal cash-sales trends against an earlier period alone did not support the full proposed addition. Possible revenue leakage was addressed through a lump-sum addition, restricted to Rs. 5 lakh and taxable as normal business income. en-us Fri, 28 Mar 2025 00:00:00 +0530 Fri, 14 Aug 2026 07:13:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470933 Cash deposits recorded in regularly maintained and audited books, supported by cash-book entries and corresponding VAT-return sales, were not treated as wholly unexplained where no defect in the books was identified and the books were not rejected. Statistical comparison showing abnormal cash-sales trends against an earlier period alone did not support the full proposed addition. Possible revenue leakage was addressed through a lump-sum addition, restricted to Rs. 5 lakh and taxable as normal business income. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470933