https://www.taxtmi.com/caselaws?id=769531 ITAT Delhi set aside addition under Section 69A regarding unexplained cash deposits. The assessee demonstrated legitimate sources for cash deposits through fabric sales during festival season (October-November). AO's comparison with previous year sales was deemed inappropriate due to business expansion in current year. Tribunal directed assessee to submit quantity-wise details of opening stock, purchases, and sales (cash/credit) matching closing stock. AO instructed to verify these details and delete additions if properly recorded. Appeal allowed in favor of assessee. en-us Wed, 23 Apr 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769531 ITAT Delhi set aside addition under Section 69A regarding unexplained cash deposits. The assessee demonstrated legitimate sources for cash deposits through fabric sales during festival season (October-November). AO's comparison with previous year sales was deemed inappropriate due to business expansion in current year. Tribunal directed assessee to submit quantity-wise details of opening stock, purchases, and sales (cash/credit) matching closing stock. AO instructed to verify these details and delete additions if properly recorded. Appeal allowed in favor of assessee. Case-Laws Income Tax Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769531