https://www.taxtmi.com/caselaws?id=770476 ITAT Delhi allowed assessee's appeal regarding rejection of books of accounts and dismissed Revenue's appeal on cash deposits during demonetization. The AO rejected books without basis and applied Section 44AD rates despite auditor-certified results. ITAT directed AO to accept certified book results, noting consistent accounting methods, proper documentation through DSRs traceable to individual sales, and compliance with GST and other statutory requirements. Regarding demonetization cash deposits, ITAT upheld CIT(A)'s findings that assessee had sufficient business cash sources available for deposits during the period. en-us Wed, 07 May 2025 00:00:00 +0530 Mon, 12 May 2025 09:01:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770476 ITAT Delhi allowed assessee's appeal regarding rejection of books of accounts and dismissed Revenue's appeal on cash deposits during demonetization. The AO rejected books without basis and applied Section 44AD rates despite auditor-certified results. ITAT directed AO to accept certified book results, noting consistent accounting methods, proper documentation through DSRs traceable to individual sales, and compliance with GST and other statutory requirements. Regarding demonetization cash deposits, ITAT upheld CIT(A)'s findings that assessee had sufficient business cash sources available for deposits during the period. Case-Laws Income Tax Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770476