https://www.taxtmi.com/caselaws?id=770613 Cash deposits supported by recorded sales entries, sale invoices, cash book, sales account, stock register and VAT returns could not be treated as unexplained money under section 69A. The audited books were accepted and the stock position was not disputed, so the sales proceeds had already been brought into the trading results and taxed through the books. On those facts, adding the same receipts again as unexplained cash deposits would amount to double taxation. The ITAT Delhi therefore held the addition unsustainable and deleted it in favour of the assessee. en-us Wed, 07 May 2025 00:00:00 +0530 Wed, 14 May 2025 07:48:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770613 Cash deposits supported by recorded sales entries, sale invoices, cash book, sales account, stock register and VAT returns could not be treated as unexplained money under section 69A. The audited books were accepted and the stock position was not disputed, so the sales proceeds had already been brought into the trading results and taxed through the books. On those facts, adding the same receipts again as unexplained cash deposits would amount to double taxation. The ITAT Delhi therefore held the addition unsustainable and deleted it in favour of the assessee. Case-Laws Income Tax Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770613