https://www.taxtmi.com/caselaws?id=798470 Recorded sales receipts entered in audited or maintained books cannot be assessed again as unexplained money under Section 69A merely because purchasers' identities are doubtful. Section 69A applies only where money or assets are unrecorded and their nature and source remain unexplained. Revenue must first displace the correctness of the books and establish that the receipts lack nexus with the recorded sales entries. Doubt concerning purchasers, without that demonstration, does not justify an addition. Accordingly, recorded sales receipts are not liable to addition under Section 69A. en-us Wed, 12 Aug 2026 00:00:00 +0530 Tue, 08 Sep 2026 08:42:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798470 Recorded sales receipts entered in audited or maintained books cannot be assessed again as unexplained money under Section 69A merely because purchasers' identities are doubtful. Section 69A applies only where money or assets are unrecorded and their nature and source remain unexplained. Revenue must first displace the correctness of the books and establish that the receipts lack nexus with the recorded sales entries. Doubt concerning purchasers, without that demonstration, does not justify an addition. Accordingly, recorded sales receipts are not liable to addition under Section 69A. Case-Laws Income Tax Wed, 12 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798470