https://www.taxtmi.com/caselaws?id=799924 Cash deposits in specified bank notes claimed as festive-season sales may be treated as unexplained credits where sale invoices, item-wise stock records, stock availability and supporting operational evidence do not substantiate the source. Exceptional cash-sale volumes immediately before demonetisation and insufficient staffing or related expenditure may further undermine the sales explanation. Reduction of the gross-profit element from the addition avoids double taxation. The amendment to section 115BBE enhancing tax consequences operates prospectively absent express retrospective effect; it does not apply to Assessment Year 2017-18, for which sustained unexplained-credit additions are taxable at normal rates. en-us Wed, 09 Sep 2026 00:00:00 +0530 Tue, 29 Sep 2026 08:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799924 Cash deposits in specified bank notes claimed as festive-season sales may be treated as unexplained credits where sale invoices, item-wise stock records, stock availability and supporting operational evidence do not substantiate the source. Exceptional cash-sale volumes immediately before demonetisation and insufficient staffing or related expenditure may further undermine the sales explanation. Reduction of the gross-profit element from the addition avoids double taxation. The amendment to section 115BBE enhancing tax consequences operates prospectively absent express retrospective effect; it does not apply to Assessment Year 2017-18, for which sustained unexplained-credit additions are taxable at normal rates. Case-Laws Income Tax Wed, 09 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799924