Books Clean, Sales Matched — No Suspicion Without Evidence – Demon Cash Addition Not Sustainable

Raideep Bhalla & Sons Vs ITO (ITAT Chandigarh) Books Clean, Sales Matched — No Suspicion Without Evidence – Demon Cash Addition Not Sustainable Summary The assessee deposited ₹43.72 lakh in cash during demonetisation, explaining that it represented regular cash sales made before 08.11.2016. The AO accepted most of the sales but still treated ₹20.86 lakh as unexplained, despite no defects in audited books, stock, purchases, or sales. CIT(A) confirmed the addition. ITAT held that the addition was based purely on suspicion, especially when the sales pattern & bank deposits mat...