https://www.taxtmi.com/caselaws?id=420956 ITAT held that the Assessing Officer erred in invoking s.69A for cash receipts during the demonetization period because the transactions were recorded in the assessee's books. Section 69A applies only where money or valuables are found unrecorded; since sales were reflected in the books and the assessee offered explanations, the addition under s.69A was unsustainable. The tribunal accepted the assessee's ground and quashed the assessment order. en-us Tue, 12 Apr 2022 00:00:00 +0530 Wed, 01 Oct 2025 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420956 ITAT held that the Assessing Officer erred in invoking s.69A for cash receipts during the demonetization period because the transactions were recorded in the assessee's books. Section 69A applies only where money or valuables are found unrecorded; since sales were reflected in the books and the assessee offered explanations, the addition under s.69A was unsustainable. The tribunal accepted the assessee's ground and quashed the assessment order. Case-Laws Income Tax Tue, 12 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420956