https://www.taxtmi.com/caselaws?id=764905 ITAT Delhi partially allowed the assessee's appeal regarding rejection of books of accounts under section 145(3). The tribunal accepted the assessee's sales turnover of Rs. 1.24 crore based on bills, vouchers, and VAT returns, including cash sales during demonetization period. While upholding the rejection of books of accounts, the tribunal found no basis for rejecting the disclosed turnover and applied 5% profit estimation. Regarding cash deposits under section 69A, the tribunal accepted Rs. 57.25 lakh as explained cash sales deposits but sustained addition on remaining unexplained cash deposits. en-us Fri, 17 Jan 2025 00:00:00 +0530 Tue, 21 Jan 2025 09:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764905 ITAT Delhi partially allowed the assessee's appeal regarding rejection of books of accounts under section 145(3). The tribunal accepted the assessee's sales turnover of Rs. 1.24 crore based on bills, vouchers, and VAT returns, including cash sales during demonetization period. While upholding the rejection of books of accounts, the tribunal found no basis for rejecting the disclosed turnover and applied 5% profit estimation. Regarding cash deposits under section 69A, the tribunal accepted Rs. 57.25 lakh as explained cash sales deposits but sustained addition on remaining unexplained cash deposits. Case-Laws Income Tax Fri, 17 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764905