Revenue has not rejected the books of accounts produced before the AO and CIT(A) and accepted the sales.  made by the assessee including the sales made in demonetized currency. From the circular issued by the CBDT, it is very clear that while making additions towards cash deposits in demonetized currency, the AO needs to analyze the business model of the assessee, its books of account and analysis of sales, etc. In this case, as per the analysis furnished by the assessee in respect of total sales, cash sales including the cash received in demonetized currency and cash deposits, there is negligible amount in demonetized currency. Addition is deleted. (AY. 2017-18)