https://www.taxtmi.com/caselaws?id=311348 ITAT Jabalpur dismissed revenue's appeal challenging CIT(A)'s deletion of additions under Section 68. Assessee successfully explained cash availability through Tijori Khata entries during survey. CIT(A) correctly accepted survey party's valuation of silver and gold ornaments over AO's calculations, as assessee surrendered excess stock amounts accepted by survey team. No evidence supported AO's claim of off-book transactions. Small cash credits from nine creditors were properly substantiated through affidavits showing monthly income and confirmations. AO failed to challenge creditor affidavits or demand examination. All additions deleted by CIT(A) were upheld. en-us Thu, 27 Mar 2014 00:00:00 +0530 Thu, 21 Dec 2023 09:31:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311348 ITAT Jabalpur dismissed revenue's appeal challenging CIT(A)'s deletion of additions under Section 68. Assessee successfully explained cash availability through Tijori Khata entries during survey. CIT(A) correctly accepted survey party's valuation of silver and gold ornaments over AO's calculations, as assessee surrendered excess stock amounts accepted by survey team. No evidence supported AO's claim of off-book transactions. Small cash credits from nine creditors were properly substantiated through affidavits showing monthly income and confirmations. AO failed to challenge creditor affidavits or demand examination. All additions deleted by CIT(A) were upheld. Case-Laws Income Tax Thu, 27 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311348