https://www.taxtmi.com/caselaws?id=800642 Cash deposits made during demonetisation, when claimed as cash sales recorded in the books and included in disclosed turnover, cannot be assessed again as unexplained cash credits without verifying the supporting material. Tax-audit records, bank statements, books of account, cash-sales details and the linkage between deposits and disclosed turnover require examination. Treating recorded sales receipts as unexplained credits despite their inclusion in taxable turnover would result in double taxation. Fresh adjudication is required after verification of the evidence, with adequate opportunity to the assessee. en-us Thu, 07 May 2026 00:00:00 +0530 Fri, 09 Oct 2026 08:30:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800642 Cash deposits made during demonetisation, when claimed as cash sales recorded in the books and included in disclosed turnover, cannot be assessed again as unexplained cash credits without verifying the supporting material. Tax-audit records, bank statements, books of account, cash-sales details and the linkage between deposits and disclosed turnover require examination. Treating recorded sales receipts as unexplained credits despite their inclusion in taxable turnover would result in double taxation. Fresh adjudication is required after verification of the evidence, with adequate opportunity to the assessee. Case-Laws Income Tax Thu, 07 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800642