https://www.taxtmi.com/caselaws?id=799773 Estimated business-expenditure disallowances require a factual basis: where audited books are not rejected and no specific expense is identified as non-genuine, excessive, unverifiable, or unrelated to business, a blanket percentage-based disallowance is not justified. Cash deposits originating from recorded pre-demonetisation sales require assessment against cash books, sales and stock records, returns, reconciliations, and audited accounts; treating already recorded sales receipts as unexplained cash credits may result in double taxation. Unsecured loan credits require verification of creditor identity, creditworthiness, genuineness, immediate source of funds, and supporting tax and banking records; confirmations and subsequent repayments alone are not conclusive. en-us Wed, 16 Sep 2026 00:00:00 +0530 Sat, 26 Sep 2026 08:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799773 Estimated business-expenditure disallowances require a factual basis: where audited books are not rejected and no specific expense is identified as non-genuine, excessive, unverifiable, or unrelated to business, a blanket percentage-based disallowance is not justified. Cash deposits originating from recorded pre-demonetisation sales require assessment against cash books, sales and stock records, returns, reconciliations, and audited accounts; treating already recorded sales receipts as unexplained cash credits may result in double taxation. Unsecured loan credits require verification of creditor identity, creditworthiness, genuineness, immediate source of funds, and supporting tax and banking records; confirmations and subsequent repayments alone are not conclusive. Case-Laws Income Tax Wed, 16 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799773