https://www.taxtmi.com/caselaws?id=798898 Section 69A does not apply to cash deposits recorded in books and traceable to disclosed cash sales or debtor realisations merely because the explanation is doubted. Where turnover and business profits remain accepted, and no evidence establishes fictitious sales, an unrecorded source, or material outside the books, a separate addition for unexplained money would duplicate taxation of disclosed business receipts. Rejection of books under Section 145(3) requires specific defects preventing correct income determination; suspicion based on cash-receipt patterns or cash retention, without inquiry or evidence of falsity, is insufficient. Recorded cash from accepted business turnover therefore cannot be separately assessed as unexplained money. en-us Fri, 04 Sep 2026 00:00:00 +0530 Mon, 14 Sep 2026 08:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798898 Section 69A does not apply to cash deposits recorded in books and traceable to disclosed cash sales or debtor realisations merely because the explanation is doubted. Where turnover and business profits remain accepted, and no evidence establishes fictitious sales, an unrecorded source, or material outside the books, a separate addition for unexplained money would duplicate taxation of disclosed business receipts. Rejection of books under Section 145(3) requires specific defects preventing correct income determination; suspicion based on cash-receipt patterns or cash retention, without inquiry or evidence of falsity, is insufficient. Recorded cash from accepted business turnover therefore cannot be separately assessed as unexplained money. Case-Laws Income Tax Fri, 04 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798898