https://www.taxtmi.com/caselaws?id=407568 ITAT upheld the CIT(A)'s deletion of additions under s.68 r/w s.115BBE relating to receipts in specified bank notes after demonetization. The tribunal accepted documentary evidence of a post-demonetization rush and found adequate stock and valid sales reflected in trading accounts; since the taxpayer had admitted the amounts as revenue receipts, no fresh addition or taxation under s.115BBE was warranted. Reliance on HC precedents was noted. The appellate order was confirmed, decision against revenue. en-us Wed, 12 May 2021 00:00:00 +0530 Tue, 18 Nov 2025 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407568 ITAT upheld the CIT(A)'s deletion of additions under s.68 r/w s.115BBE relating to receipts in specified bank notes after demonetization. The tribunal accepted documentary evidence of a post-demonetization rush and found adequate stock and valid sales reflected in trading accounts; since the taxpayer had admitted the amounts as revenue receipts, no fresh addition or taxation under s.115BBE was warranted. Reliance on HC precedents was noted. The appellate order was confirmed, decision against revenue. Case-Laws Income Tax Wed, 12 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407568