https://www.taxtmi.com/caselaws?id=459609 ITAT Jaipur ruled in favor of the assessee regarding additions under Section 68 and Section 115BBE. The tribunal found that cash deposits from increased sales were already included in declared turnover, with complete sales details submitted and VAT returns filed. The AO's emphasis on party-wise details was deemed misplaced given comprehensive documentation provided. Regarding Section 115BBE application to donations, the tribunal cited Delhi HC precedent that Section 68 doesn't apply when amounts are disclosed as income, making Section 115BBE application illegal. Both grounds were allowed. en-us Wed, 10 Apr 2024 00:00:00 +0530 Thu, 19 Dec 2024 18:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459609 ITAT Jaipur ruled in favor of the assessee regarding additions under Section 68 and Section 115BBE. The tribunal found that cash deposits from increased sales were already included in declared turnover, with complete sales details submitted and VAT returns filed. The AO's emphasis on party-wise details was deemed misplaced given comprehensive documentation provided. Regarding Section 115BBE application to donations, the tribunal cited Delhi HC precedent that Section 68 doesn't apply when amounts are disclosed as income, making Section 115BBE application illegal. Both grounds were allowed. Case-Laws Income Tax Wed, 10 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459609