https://www.taxtmi.com/caselaws?id=802174 Cash sales already recorded and offered as income cannot be added again as unexplained cash credits under Section 68 solely because they occurred during demonetisation, where purchases and physical stock remain undisputed and the sales explanation is accepted. Reconciliation of physical and book stock, including previously omitted jewellery, reduced the excess-stock addition under Section 69B; the unaccounted-sale component was telescoped against the excess-stock investment. The survey cash difference was reconciled through cash purchases disallowed under Section 40A(3) and partners' withdrawals, both subsequently recorded in the books, leading to deletion of the cash addition. The concurrent factual findings were not shown to be perverse and raised no substantial question of law under Section 260A. en-us Thu, 22 Oct 2026 00:00:00 +0530 Mon, 02 Nov 2026 08:31:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802174 Cash sales already recorded and offered as income cannot be added again as unexplained cash credits under Section 68 solely because they occurred during demonetisation, where purchases and physical stock remain undisputed and the sales explanation is accepted. Reconciliation of physical and book stock, including previously omitted jewellery, reduced the excess-stock addition under Section 69B; the unaccounted-sale component was telescoped against the excess-stock investment. The survey cash difference was reconciled through cash purchases disallowed under Section 40A(3) and partners' withdrawals, both subsequently recorded in the books, leading to deletion of the cash addition. The concurrent factual findings were not shown to be perverse and raised no substantial question of law under Section 260A. Case-Laws Income Tax Thu, 22 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802174