https://www.taxtmi.com/caselaws?id=771820 ITAT Delhi held that addition u/s 68 regarding cash deposits from sale proceeds cannot be sustained when books of accounts remain accepted and not rejected. The AO made disallowance without rejecting books of accounts, which was confirmed by CIT(A). Since cash sales and corresponding purchases were already accepted during assessment and appellate proceedings as undisputed facts, the addition was deleted following established precedents. Assessee's appeal was allowed. en-us Wed, 28 May 2025 00:00:00 +0530 Fri, 30 May 2025 09:29:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771820 ITAT Delhi held that addition u/s 68 regarding cash deposits from sale proceeds cannot be sustained when books of accounts remain accepted and not rejected. The AO made disallowance without rejecting books of accounts, which was confirmed by CIT(A). Since cash sales and corresponding purchases were already accepted during assessment and appellate proceedings as undisputed facts, the addition was deleted following established precedents. Assessee's appeal was allowed. Case-Laws Income Tax Wed, 28 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771820