https://www.taxtmi.com/caselaws?id=752729 The ITAT Chandigarh allowed the assessee's appeal against an addition under section 69A regarding cash deposits from cash sales during demonetization. The AO had accepted all vouchers, cash sales entries, stock registers, and audited books without pointing out any discrepancies or questioning their genuineness. The CIT(A) provided only partial relief on an estimate basis without identifying any shortcomings in the books. The ITAT held that once complete books of account are accepted without any discrepancies being pointed out, no addition can be made based on the same accepted records. The addition was deleted entirely. en-us Tue, 07 May 2024 00:00:00 +0530 Thu, 16 May 2024 08:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752729 The ITAT Chandigarh allowed the assessee's appeal against an addition under section 69A regarding cash deposits from cash sales during demonetization. The AO had accepted all vouchers, cash sales entries, stock registers, and audited books without pointing out any discrepancies or questioning their genuineness. The CIT(A) provided only partial relief on an estimate basis without identifying any shortcomings in the books. The ITAT held that once complete books of account are accepted without any discrepancies being pointed out, no addition can be made based on the same accepted records. The addition was deleted entirely. Case-Laws Income Tax Tue, 07 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752729