https://www.taxtmi.com/highlights?id=71908 Addition of cash deposit made during demonetization period u/s 68 - Mere statistics of preparation of number of bills, transactions cannot be used to invoke the provisions of section 68 of the income tax act when no independent enquiry by the AO is made. The necessary ingredient of section 68 of the act such as nature and source of the credit is explained by assessee. - AT en-us Sat, 09 Sep 2023 09:37:14 +0530 Sat, 09 Sep 2023 09:37:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71908 Addition of cash deposit made during demonetization period u/s 68 - Mere statistics of preparation of number of bills, transactions cannot be used to invoke the provisions of section 68 of the income tax act when no independent enquiry by the AO is made. The necessary ingredient of section 68 of the act such as nature and source of the credit is explained by assessee. - AT Highlights Income Tax Sat, 09 Sep 2023 09:37:14 +0530 https://www.taxtmi.com/highlights?id=71908