https://www.taxtmi.com/caselaws?id=459969 ITAT Lucknow allowed the assessee's appeal on both issues. The tribunal deleted the addition under section 68 for unexplained cash deposits, holding that the assessee established sales with proper bills and accounting, with cash available from opening balance and sales receipts already offered to tax. The AO made random additions without identifying abnormalities. The tribunal also deleted the 15% ad-hoc disallowance of shop and vehicle maintenance expenses, finding no defects in books or evidence of bogus expenditure, with the department failing to provide logical rationale for the arbitrary percentage disallowance. en-us Thu, 08 Sep 2022 00:00:00 +0530 Tue, 07 Jan 2025 07:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459969 ITAT Lucknow allowed the assessee's appeal on both issues. The tribunal deleted the addition under section 68 for unexplained cash deposits, holding that the assessee established sales with proper bills and accounting, with cash available from opening balance and sales receipts already offered to tax. The AO made random additions without identifying abnormalities. The tribunal also deleted the 15% ad-hoc disallowance of shop and vehicle maintenance expenses, finding no defects in books or evidence of bogus expenditure, with the department failing to provide logical rationale for the arbitrary percentage disallowance. Case-Laws Income Tax Thu, 08 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459969