https://www.taxtmi.com/caselaws?id=770074 ITAT Delhi ruled in favor of assessee in scrap dealer case involving unexplained cash deposits u/s 68. Court deleted enhancement by NFAC from Rs. 52,35,500 to Rs. 57,25,500 for lack of reasonable opportunity to be heard as required u/s 251(2). Addition restricted to Rs. 5 lakhs representing estimated profit element. Section 115BBE held inapplicable to FY 2016-17 transactions. Addition u/s 40A(3) and its enhancement quashed as AO lacked authority in limited scrutiny case to examine issues beyond CASS selection scope. Appeal partly allowed. en-us Wed, 30 Apr 2025 00:00:00 +0530 Tue, 06 May 2025 09:58:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770074 ITAT Delhi ruled in favor of assessee in scrap dealer case involving unexplained cash deposits u/s 68. Court deleted enhancement by NFAC from Rs. 52,35,500 to Rs. 57,25,500 for lack of reasonable opportunity to be heard as required u/s 251(2). Addition restricted to Rs. 5 lakhs representing estimated profit element. Section 115BBE held inapplicable to FY 2016-17 transactions. Addition u/s 40A(3) and its enhancement quashed as AO lacked authority in limited scrutiny case to examine issues beyond CASS selection scope. Appeal partly allowed. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770074