https://www.taxtmi.com/caselaws?id=798233 Cash deposits reflected in regularly maintained books require examination of the cash book, purchase and sale registers, bank ledgers and supporting material before they may be treated as unexplained money. An unexplained-money addition is unsustainable where records correlate deposits with recorded cash balances but are neither scrutinised nor found unreliable. Penalty for non-compliance with information notices lacks basis where the assessee subsequently responds, participates in assessment, and those replies support completion of assessment. Scrutiny of the books and relevant evidence remains necessary for fresh factual determination of the cash-deposit issue. en-us Mon, 31 Aug 2026 00:00:00 +0530 Thu, 03 Sep 2026 08:20:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798233 Cash deposits reflected in regularly maintained books require examination of the cash book, purchase and sale registers, bank ledgers and supporting material before they may be treated as unexplained money. An unexplained-money addition is unsustainable where records correlate deposits with recorded cash balances but are neither scrutinised nor found unreliable. Penalty for non-compliance with information notices lacks basis where the assessee subsequently responds, participates in assessment, and those replies support completion of assessment. Scrutiny of the books and relevant evidence remains necessary for fresh factual determination of the cash-deposit issue. Case-Laws Income Tax Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798233