https://www.taxtmi.com/caselaws?id=776984 ITAT (Ahmedabad) dismissed the revenue's appeal against an addition under s.68. The tribunal held the assessee's cash generation from business activities was genuine, cash sales were recorded in books and not doubted by the AO, and opening stock, purchases and closing stock were accepted. The CIT(A) had verified the cash-flow chart, purchase and sales invoices and festival-period cash sales, so the AO's disallowance was not sustained. en-us Tue, 04 Feb 2025 00:00:00 +0530 Fri, 22 Aug 2025 08:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776984 ITAT (Ahmedabad) dismissed the revenue's appeal against an addition under s.68. The tribunal held the assessee's cash generation from business activities was genuine, cash sales were recorded in books and not doubted by the AO, and opening stock, purchases and closing stock were accepted. The CIT(A) had verified the cash-flow chart, purchase and sales invoices and festival-period cash sales, so the AO's disallowance was not sustained. Case-Laws Income Tax Tue, 04 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776984