https://www.taxtmi.com/caselaws?id=472103 Cash deposits made during demonetisation are not unexplained cash credits where recorded cash sales are supported by the cash book, sales ledger, stock register, VAT returns and audited accounts, and sufficient cash balances existed on the demonetisation date. Where sales and book results remain unrejected and revenue identifies no discrepancy between sales and VAT returns, assumptions about cash retention or business practices cannot displace documentary evidence. Cash sales of a newly commenced unit cannot be benchmarked against a prior year in which it was not operating. en-us Wed, 16 Apr 2025 00:00:00 +0530 Wed, 30 Sep 2026 08:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472103 Cash deposits made during demonetisation are not unexplained cash credits where recorded cash sales are supported by the cash book, sales ledger, stock register, VAT returns and audited accounts, and sufficient cash balances existed on the demonetisation date. Where sales and book results remain unrejected and revenue identifies no discrepancy between sales and VAT returns, assumptions about cash retention or business practices cannot displace documentary evidence. Cash sales of a newly commenced unit cannot be benchmarked against a prior year in which it was not operating. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472103