https://www.taxtmi.com/caselaws?id=59989 Accepted cash sales and supporting books of account rebutted the addition of unexplained income from High Denomination Notes. Although the receipts were largely in High Denomination Notes, that circumstance created only suspicion and was not enough to displace the assessee's explanation in the absence of contrary material. The inability to identify individual customers or note-wise sources did not justify treating the receipts as unexplained where the sales record and surrounding circumstances supported the explanation. The addition of Rs. 4,26,000 was therefore unsustainable and stood deleted. en-us Thu, 30 Aug 1984 00:00:00 +0530 Mon, 03 Jan 2011 11:52:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59989 Accepted cash sales and supporting books of account rebutted the addition of unexplained income from High Denomination Notes. Although the receipts were largely in High Denomination Notes, that circumstance created only suspicion and was not enough to displace the assessee's explanation in the absence of contrary material. The inability to identify individual customers or note-wise sources did not justify treating the receipts as unexplained where the sales record and surrounding circumstances supported the explanation. The addition of Rs. 4,26,000 was therefore unsustainable and stood deleted. Case-Laws Income Tax Thu, 30 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59989