https://www.taxtmi.com/caselaws?id=774360 The ITAT Delhi dismissed the Revenue's appeal and upheld the CIT(A)'s deletion of additions made by the AO. The AO had treated 35% of cash deposits as unexplained cash credit and made additions regarding outstanding debtors without issuing show cause notices, violating natural justice principles. The ITAT held that additions based on presumptions without concrete evidence are unsustainable, citing SC precedent in Jeet Construction Company. The AO failed to provide basis for the 35% treatment and made additions without proper evidence or specific findings regarding actual sales versus unexplained credits. en-us Fri, 27 Jun 2025 00:00:00 +0530 Tue, 08 Jul 2025 08:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774360 The ITAT Delhi dismissed the Revenue's appeal and upheld the CIT(A)'s deletion of additions made by the AO. The AO had treated 35% of cash deposits as unexplained cash credit and made additions regarding outstanding debtors without issuing show cause notices, violating natural justice principles. The ITAT held that additions based on presumptions without concrete evidence are unsustainable, citing SC precedent in Jeet Construction Company. The AO failed to provide basis for the 35% treatment and made additions without proper evidence or specific findings regarding actual sales versus unexplained credits. Case-Laws Income Tax Fri, 27 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774360