https://www.taxtmi.com/caselaws?id=471585 Cash deposits during demonetisation require evaluation on the totality of business evidence under the unexplained cash credit framework. Regular month-wise cash sales, corresponding bank deposits, stock reconciliation and use of cash for business purchases can establish the source of deposits. Treating recorded cash sales as genuine while rejecting bank deposits generated from those sales is internally inconsistent. Deposits that conform to an established pattern of cash sales and banking cannot be treated as unexplained merely because they were made during demonetisation; the resulting addition is unsustainable. en-us Tue, 08 Apr 2025 00:00:00 +0530 Wed, 09 Sep 2026 19:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471585 Cash deposits during demonetisation require evaluation on the totality of business evidence under the unexplained cash credit framework. Regular month-wise cash sales, corresponding bank deposits, stock reconciliation and use of cash for business purchases can establish the source of deposits. Treating recorded cash sales as genuine while rejecting bank deposits generated from those sales is internally inconsistent. Deposits that conform to an established pattern of cash sales and banking cannot be treated as unexplained merely because they were made during demonetisation; the resulting addition is unsustainable. Case-Laws Income Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471585