https://www.taxtmi.com/caselaws?id=767824 ITAT Ahmedabad dismissed Revenue's appeal challenging deletion of additions under Section 68 for unexplained cash deposits. The tribunal upheld CIT(A)'s finding that AO made arbitrary disallowances without examining submitted documents and violated natural justice principles by passing assessment order only nine days after show-cause notice. CIT(A) properly relied on statutory audit evidence and documentation already on record. Revenue failed to demonstrate substantial grounds contradicting CIT(A)'s detailed findings. The additions were justifiably deleted. en-us Thu, 09 Jan 2025 00:00:00 +0530 Wed, 26 Mar 2025 06:50:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767824 ITAT Ahmedabad dismissed Revenue's appeal challenging deletion of additions under Section 68 for unexplained cash deposits. The tribunal upheld CIT(A)'s finding that AO made arbitrary disallowances without examining submitted documents and violated natural justice principles by passing assessment order only nine days after show-cause notice. CIT(A) properly relied on statutory audit evidence and documentation already on record. Revenue failed to demonstrate substantial grounds contradicting CIT(A)'s detailed findings. The additions were justifiably deleted. Case-Laws Income Tax Thu, 09 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767824