https://www.taxtmi.com/caselaws?id=768045 ITAT Delhi upheld CIT(A)'s decision deleting additions under Section 68 read with Section 115BBE regarding unexplained cash deposits during demonetization. The assessee, a tobacco products dealer, demonstrated consistent cash sales patterns before and after demonetization. Survey operations confirmed no discrepancies in stock or cash handling. Audited books of accounts, consignment agreements, and service tax returns supported the cash sales claim. The tribunal found clear nexus between cash deposits and routine business operations, concluding the source was satisfactorily explained through ordinary course of business activities. en-us Thu, 27 Mar 2025 00:00:00 +0530 Sat, 29 Mar 2025 08:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768045 ITAT Delhi upheld CIT(A)'s decision deleting additions under Section 68 read with Section 115BBE regarding unexplained cash deposits during demonetization. The assessee, a tobacco products dealer, demonstrated consistent cash sales patterns before and after demonetization. Survey operations confirmed no discrepancies in stock or cash handling. Audited books of accounts, consignment agreements, and service tax returns supported the cash sales claim. The tribunal found clear nexus between cash deposits and routine business operations, concluding the source was satisfactorily explained through ordinary course of business activities. Case-Laws Income Tax Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768045