https://www.taxtmi.com/caselaws?id=775856 The ITAT Pune allowed the appeals of the assessee against additions made by the AO. The tribunal held that the assessee had furnished sufficient details and documentation regarding purchases, sundry creditors, and expenses, rendering the AO's adhoc addition of Rs. 1 crore unjustified. The addition under section 68 read with 115BBE relating to advances from customers was deleted as the assessee rectified the misclassification through journal entries. Regarding the addition under section 69A, the ITAT accepted the assessee's explanation of cash deposits being from cash sales and opening balances, supported by cash books and VAT returns. All impugned additions were thus set aside in favor of the assessee. en-us Tue, 29 Jul 2025 00:00:00 +0530 Fri, 01 Aug 2025 08:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775856 The ITAT Pune allowed the appeals of the assessee against additions made by the AO. The tribunal held that the assessee had furnished sufficient details and documentation regarding purchases, sundry creditors, and expenses, rendering the AO's adhoc addition of Rs. 1 crore unjustified. The addition under section 68 read with 115BBE relating to advances from customers was deleted as the assessee rectified the misclassification through journal entries. Regarding the addition under section 69A, the ITAT accepted the assessee's explanation of cash deposits being from cash sales and opening balances, supported by cash books and VAT returns. All impugned additions were thus set aside in favor of the assessee. Case-Laws Income Tax Tue, 29 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775856