https://www.taxtmi.com/caselaws?id=430287 ITAT upheld the CIT-A's deletion of additions under s.69A relating to demonetization-period cash deposits, deciding for the assessee. The tribunal found the AO had accepted audited books under s.143(3), identified no defects or bogus debtors, and the Investigation Wing raised no adverse findings. Substantial cash sales and cash realizations from debtors-reflected in the books and matching deposits during Oct-Nov 2016-were credible. The additions were held to be based on surmise and conjecture, and the detailed findings of the CIT-A were sustained. en-us Tue, 14 Jun 2022 00:00:00 +0530 Wed, 01 Oct 2025 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430287 ITAT upheld the CIT-A's deletion of additions under s.69A relating to demonetization-period cash deposits, deciding for the assessee. The tribunal found the AO had accepted audited books under s.143(3), identified no defects or bogus debtors, and the Investigation Wing raised no adverse findings. Substantial cash sales and cash realizations from debtors-reflected in the books and matching deposits during Oct-Nov 2016-were credible. The additions were held to be based on surmise and conjecture, and the detailed findings of the CIT-A were sustained. Case-Laws Income Tax Tue, 14 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430287