https://www.taxtmi.com/caselaws?id=64783 The ITAT Delhi-D ruled in favor of the assessee in a tax case involving unexplained cash credits and disallowance of sales-tax. The addition of Rs. 97,000 as unexplained cash credits was deemed unjustified and deleted as the assessee successfully proved the nature and source of the credits. Additionally, the disallowance of sales-tax under section 43B was overturned as the assessee's accounting method was deemed appropriate, making the disallowance unwarranted. As a result, the appeal of the assessee was allowed in full. en-us Mon, 13 Feb 1995 00:00:00 +0530 Wed, 09 Feb 2011 17:57:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64783 The ITAT Delhi-D ruled in favor of the assessee in a tax case involving unexplained cash credits and disallowance of sales-tax. The addition of Rs. 97,000 as unexplained cash credits was deemed unjustified and deleted as the assessee successfully proved the nature and source of the credits. Additionally, the disallowance of sales-tax under section 43B was overturned as the assessee's accounting method was deemed appropriate, making the disallowance unwarranted. As a result, the appeal of the assessee was allowed in full. Case-Laws Income Tax Mon, 13 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64783