https://www.taxtmi.com/caselaws?id=762910 ITAT (DELHI - AT) allowed the appeal, holding that additions under ss.68/69A could not be invoked where cash deposits were already recorded as cash sales in the books and the assessee furnished substantiation (GST returns, stock registers, quarterly reports and auditor reconciliation) accepted by lower authorities. The Tribunal found no adverse findings on stock movement or book results, and no material to displace the declared source of cash during the demonetisation period; therefore AO/CIT(A) erred in treating the deposits as unexplained. en-us Wed, 25 Sep 2024 00:00:00 +0530 Mon, 06 Oct 2025 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762910 ITAT (DELHI - AT) allowed the appeal, holding that additions under ss.68/69A could not be invoked where cash deposits were already recorded as cash sales in the books and the assessee furnished substantiation (GST returns, stock registers, quarterly reports and auditor reconciliation) accepted by lower authorities. The Tribunal found no adverse findings on stock movement or book results, and no material to displace the declared source of cash during the demonetisation period; therefore AO/CIT(A) erred in treating the deposits as unexplained. Case-Laws Income Tax Wed, 25 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762910