https://www.taxtmi.com/caselaws?id=755831 ITAT Delhi dismissed revenue's appeal regarding unexplained cash sales under section 69A. The assessee, an electrical goods trader, maintained proper sales vouchers and filed VAT returns timely. Revenue failed to demonstrate that cash sales were fictitious or that VAT/customs authorities rejected the returns. The tribunal upheld CIT(A)'s deletion of the addition, finding no evidence to support the unexplained cash sales claim during demonetization period deposits. en-us Fri, 12 Jul 2024 00:00:00 +0530 Sat, 20 Jul 2024 08:06:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755831 ITAT Delhi dismissed revenue's appeal regarding unexplained cash sales under section 69A. The assessee, an electrical goods trader, maintained proper sales vouchers and filed VAT returns timely. Revenue failed to demonstrate that cash sales were fictitious or that VAT/customs authorities rejected the returns. The tribunal upheld CIT(A)'s deletion of the addition, finding no evidence to support the unexplained cash sales claim during demonetization period deposits. Case-Laws Income Tax Fri, 12 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755831