https://www.taxtmi.com/caselaws?id=778303 ITAT, Delhi (AT) held the assessing officer's rejection of the assessee's books under s.145(3) void ab initio for breach of natural justice. Additions based on alleged undisclosed sale proceeds were deleted because the sale receipt and asset removal were duly recorded in audited books and tax audit schedules. Cash deposits during the demonetisation period could not be treated as unexplained under s.68/69A where the books are valid and cash sales are reflected therein. Consequent invocation of s.115BBE was rendered infructuous. en-us Wed, 10 Sep 2025 00:00:00 +0530 Sat, 13 Sep 2025 08:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778303 ITAT, Delhi (AT) held the assessing officer's rejection of the assessee's books under s.145(3) void ab initio for breach of natural justice. Additions based on alleged undisclosed sale proceeds were deleted because the sale receipt and asset removal were duly recorded in audited books and tax audit schedules. Cash deposits during the demonetisation period could not be treated as unexplained under s.68/69A where the books are valid and cash sales are reflected therein. Consequent invocation of s.115BBE was rendered infructuous. Case-Laws Income Tax Wed, 10 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778303