https://www.taxtmi.com/caselaws?id=436503 The tribunal quashed the addition of Rs. 2,74,00,000/- under Section 68 made by the AO and allowed the appeal. It held that the rejection of books and addition were based on surmises, with no substantial evidence. The cash deposits were part of the declared turnover, emphasizing the need to consider all relevant documents and past history. en-us Tue, 11 Apr 2023 00:00:00 +0530 Fri, 14 Apr 2023 09:02:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436503 The tribunal quashed the addition of Rs. 2,74,00,000/- under Section 68 made by the AO and allowed the appeal. It held that the rejection of books and addition were based on surmises, with no substantial evidence. The cash deposits were part of the declared turnover, emphasizing the need to consider all relevant documents and past history. Case-Laws Income Tax Tue, 11 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436503