https://www.taxtmi.com/caselaws?id=777745 ITAT DELHI - AT deleted an addition of Rs.48,07,751 made u/s 68 for cash deposits, holding it would be a double addition because the AO had accepted the return which included cash sales. The assessee proved the source via regularly maintained books and a cashbook, none of which were rejected by the AO, so no separate addition was warranted. The tribunal also relied on a Madras HC ruling that s.115BBE's enhanced tax rate applies only from 01.04.2017 (AY 2018-19 onwards), and allowed the related grounds. en-us Wed, 27 Aug 2025 00:00:00 +0530 Thu, 04 Sep 2025 08:40:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777745 ITAT DELHI - AT deleted an addition of Rs.48,07,751 made u/s 68 for cash deposits, holding it would be a double addition because the AO had accepted the return which included cash sales. The assessee proved the source via regularly maintained books and a cashbook, none of which were rejected by the AO, so no separate addition was warranted. The tribunal also relied on a Madras HC ruling that s.115BBE's enhanced tax rate applies only from 01.04.2017 (AY 2018-19 onwards), and allowed the related grounds. Case-Laws Income Tax Wed, 27 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777745