https://www.taxtmi.com/caselaws?id=470958 Recorded cash sales deposited during demonetisation, when reflected in audited books, stock records, VAT returns and disclosed turnover accepted without identified defects, cannot be assessed again as unexplained cash credits merely because sales increased. Treating those receipts as unexplained would result in double taxation, and the enhanced tax regime under section 115BBE does not apply. Further, an estimated addition for an alleged premium on recorded sales requires supporting material; acceptance of the books, sales and stock details leaves no basis for a premium inferred solely on conjecture. The additions under section 68 and for alleged additional profit were deleted. en-us Mon, 30 Jun 2025 00:00:00 +0530 Fri, 14 Aug 2026 18:11:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470958 Recorded cash sales deposited during demonetisation, when reflected in audited books, stock records, VAT returns and disclosed turnover accepted without identified defects, cannot be assessed again as unexplained cash credits merely because sales increased. Treating those receipts as unexplained would result in double taxation, and the enhanced tax regime under section 115BBE does not apply. Further, an estimated addition for an alleged premium on recorded sales requires supporting material; acceptance of the books, sales and stock details leaves no basis for a premium inferred solely on conjecture. The additions under section 68 and for alleged additional profit were deleted. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470958