https://www.taxtmi.com/caselaws?id=769824 The ITAT Chandigarh ruled in favor of an air travel and ticket agency regarding cash deposits in regular bank accounts. The assessee, licensed by IATA, purchased tickets from government-approved carriers and sold them to customers, depositing sale proceeds to airline accounts while retaining commission. The tribunal found that cash ticket sales were legitimate business practice with no legal prohibition, noting the department had previously accepted similar transactions in earlier assessment years. The addition made by authorities below regarding cash sales was deemed unjustified and deleted, allowing the assessee's appeal. en-us Fri, 07 Mar 2025 00:00:00 +0530 Fri, 02 May 2025 08:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769824 The ITAT Chandigarh ruled in favor of an air travel and ticket agency regarding cash deposits in regular bank accounts. The assessee, licensed by IATA, purchased tickets from government-approved carriers and sold them to customers, depositing sale proceeds to airline accounts while retaining commission. The tribunal found that cash ticket sales were legitimate business practice with no legal prohibition, noting the department had previously accepted similar transactions in earlier assessment years. The addition made by authorities below regarding cash sales was deemed unjustified and deleted, allowing the assessee's appeal. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769824