https://www.taxtmi.com/caselaws?id=770968 ITAT Delhi dismissed the Assessee's appeal challenging the CIT(A)'s order for AY 2017-18. The Tribunal upheld the reduced addition of Rs. 34,44,374/- under section 69A of Income Tax Act, accepting the CIT(A)'s 8% profit rate on cash deposits. The Tribunal found no procedural irregularities and confirmed the lower appellate authority's reasoning regarding business transactions and profit estimation. en-us Fri, 09 May 2025 00:00:00 +0530 Mon, 19 May 2025 08:37:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770968 ITAT Delhi dismissed the Assessee's appeal challenging the CIT(A)'s order for AY 2017-18. The Tribunal upheld the reduced addition of Rs. 34,44,374/- under section 69A of Income Tax Act, accepting the CIT(A)'s 8% profit rate on cash deposits. The Tribunal found no procedural irregularities and confirmed the lower appellate authority's reasoning regarding business transactions and profit estimation. Case-Laws Income Tax Fri, 09 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770968