https://www.taxtmi.com/highlights?id=72017 Addition of Cash deposits u/s. 68 - cash deposit during demonetization - AO cannot disbelieve the purchases made from the assessee simply on the ground that those parties could not submit the source of their funds which is not the requirement of the assessee to prove specifically when assessee is a retail seller of jewellery and even law does not prohibit any cash sales or there is any requirement to seek any further detail. - AT en-us Fri, 15 Sep 2023 08:53:50 +0530 Fri, 15 Sep 2023 08:53:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72017 Addition of Cash deposits u/s. 68 - cash deposit during demonetization - AO cannot disbelieve the purchases made from the assessee simply on the ground that those parties could not submit the source of their funds which is not the requirement of the assessee to prove specifically when assessee is a retail seller of jewellery and even law does not prohibit any cash sales or there is any requirement to seek any further detail. - AT Highlights Income Tax Fri, 15 Sep 2023 08:53:50 +0530 https://www.taxtmi.com/highlights?id=72017