https://www.taxtmi.com/caselaws?id=775678 The ITAT Delhi held that the addition under section 68 for unexplained cash credit was not justified as the assessee furnished confirmations, bank statements, GST returns, invoices, and ledger accounts for the parties involved. The CIT(A) correctly admitted these evidences and confirmed that the transactions were included in the declared sales and income tax return. Relying on precedent, the tribunal ruled that amounts credited in the sales account and disclosed in the return cannot be treated as undisclosed income, preventing double addition. Consequently, the revenue's appeal was dismissed and the CIT(A)'s order was upheld. en-us Wed, 16 Jul 2025 00:00:00 +0530 Tue, 29 Jul 2025 08:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775678 The ITAT Delhi held that the addition under section 68 for unexplained cash credit was not justified as the assessee furnished confirmations, bank statements, GST returns, invoices, and ledger accounts for the parties involved. The CIT(A) correctly admitted these evidences and confirmed that the transactions were included in the declared sales and income tax return. Relying on precedent, the tribunal ruled that amounts credited in the sales account and disclosed in the return cannot be treated as undisclosed income, preventing double addition. Consequently, the revenue's appeal was dismissed and the CIT(A)'s order was upheld. Case-Laws Income Tax Wed, 16 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775678