https://www.taxtmi.com/caselaws?id=472193 Section 68 addition for cash deposits in demonetised currency was considered unsustainable where deposits aligned with the business's substantial turnover, wholesale pharmaceutical operations, geographical spread, and collection practices. The maintained cash book had been furnished and no defect was identified. Comparing deposits of old currency notes solely with the cash balance on the relevant demonetisation date was not a justifiable basis for the addition. The addition, representing only a small proportion of total cash deposits, was deleted. en-us Mon, 21 Apr 2025 00:00:00 +0530 Thu, 01 Oct 2026 22:34:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472193 Section 68 addition for cash deposits in demonetised currency was considered unsustainable where deposits aligned with the business's substantial turnover, wholesale pharmaceutical operations, geographical spread, and collection practices. The maintained cash book had been furnished and no defect was identified. Comparing deposits of old currency notes solely with the cash balance on the relevant demonetisation date was not a justifiable basis for the addition. The addition, representing only a small proportion of total cash deposits, was deleted. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472193