https://www.taxtmi.com/highlights?id=105695 Demonetisation-period cash sales already offered as income could not, merely because they occurred during demonetisation, shift the burden to establish unexplained cash credit where physical and recorded stock supported the sales and recorded purchases remained undisputed. The High Court upheld deletion of the alleged bogus-sales addition, finding no basis for the forensic allegation of backdated entries; rejection of books for gross-profit estimation did not displace relevant stock reconciliations. It also declined to interfere with the restricted excess-stock addition and deletion of the survey cash-discrepancy addition, because the concurrent factual findings showed neither perversity nor ignored relevant material. No substantial question of law arose under section 260A, and the Revenue's appeal was dismissed. en-us Mon, 02 Nov 2026 08:31:40 +0530 Mon, 02 Nov 2026 08:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105695 Demonetisation-period cash sales already offered as income could not, merely because they occurred during demonetisation, shift the burden to establish unexplained cash credit where physical and recorded stock supported the sales and recorded purchases remained undisputed. The High Court upheld deletion of the alleged bogus-sales addition, finding no basis for the forensic allegation of backdated entries; rejection of books for gross-profit estimation did not displace relevant stock reconciliations. It also declined to interfere with the restricted excess-stock addition and deletion of the survey cash-discrepancy addition, because the concurrent factual findings showed neither perversity nor ignored relevant material. No substantial question of law arose under section 260A, and the Revenue's appeal was dismissed. Highlights Income Tax Mon, 02 Nov 2026 08:31:40 +0530 https://www.taxtmi.com/highlights?id=105695