https://www.taxtmi.com/caselaws?id=769753 ITAT Delhi held that cash deposits made during demonetization period cannot be taxed under Section 69A/115BBE when properly recorded in books of account with explained sources. Following Chennai Bench precedent in PCIT v. M.C. Hospital, the tribunal ruled that recorded book entries cannot be brought to tax under Section 69A. Since the assessee maintained proper records of cash deposits, sales, purchases, and stock transactions, the addition was deleted. Appeal decided in favor of assessee. en-us Mon, 28 Apr 2025 00:00:00 +0530 Thu, 01 May 2025 08:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769753 ITAT Delhi held that cash deposits made during demonetization period cannot be taxed under Section 69A/115BBE when properly recorded in books of account with explained sources. Following Chennai Bench precedent in PCIT v. M.C. Hospital, the tribunal ruled that recorded book entries cannot be brought to tax under Section 69A. Since the assessee maintained proper records of cash deposits, sales, purchases, and stock transactions, the addition was deleted. Appeal decided in favor of assessee. Case-Laws Income Tax Mon, 28 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769753