https://www.taxtmi.com/caselaws?id=457043 ITAT (DELHI - AT) allowed the appeal, holding that additions u/s 68 r.w.s. 115BBE in respect of cash deposits during demonetization were unwarranted. The tribunal found the assessee's cash book showed sufficient opening cash, month-wise sales, purchases, expenses and quantitative stock details that explained deposits of Rs. 52,60,000. None of the CBDT SOP triggers applied: no abnormal jump in cash sales, deposits were on two dates only, adequate inventory existed and no diversion of funds occurred. Accordingly the Revenue failed to establish unexplained cash and the assessment addition was deleted. en-us Mon, 31 Jul 2023 00:00:00 +0530 Sat, 13 Sep 2025 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457043 ITAT (DELHI - AT) allowed the appeal, holding that additions u/s 68 r.w.s. 115BBE in respect of cash deposits during demonetization were unwarranted. The tribunal found the assessee's cash book showed sufficient opening cash, month-wise sales, purchases, expenses and quantitative stock details that explained deposits of Rs. 52,60,000. None of the CBDT SOP triggers applied: no abnormal jump in cash sales, deposits were on two dates only, adequate inventory existed and no diversion of funds occurred. Accordingly the Revenue failed to establish unexplained cash and the assessment addition was deleted. Case-Laws Income Tax Mon, 31 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457043