https://www.taxtmi.com/highlights?id=59878 Additions u/s 69A - Cash deposits made during demonetization period - there is no dispute that the assessee is running Petrol and Diesel retail outlet and he is the dealer of HPCL and the Govt. of India has permitted during the demonetization period to accept the specified bank notes in the case of petrol bunks. There is no dispute that the cash deposits made were relatable to sales and duly accounted in the books of accounts and the same were deposited in the bank account - Deposit of cash cannot be said as unexplained - there is no case for making the addition u/s 69A - AT en-us Wed, 29 Sep 2021 15:12:16 +0530 Wed, 29 Sep 2021 15:12:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59878 Additions u/s 69A - Cash deposits made during demonetization period - there is no dispute that the assessee is running Petrol and Diesel retail outlet and he is the dealer of HPCL and the Govt. of India has permitted during the demonetization period to accept the specified bank notes in the case of petrol bunks. There is no dispute that the cash deposits made were relatable to sales and duly accounted in the books of accounts and the same were deposited in the bank account - Deposit of cash cannot be said as unexplained - there is no case for making the addition u/s 69A - AT Highlights Income Tax Wed, 29 Sep 2021 15:12:16 +0530 https://www.taxtmi.com/highlights?id=59878