https://www.taxtmi.com/caselaws?id=778352 ITAT LUCKNOW - AT allowed the assessee's appeal and deleted additions under sections 68/69 that the AO made by aggregating sundry debtors and cash deposits. The Tribunal held the AO erred in relying on a tax-sample study and average cash realization (post-demonetization) without questioning purchases, sales or stock, noting audited accounts and no rejection under s.145(3). While agreeing with CIT(A) that confirmed sales reflected debtors and cannot be double-taxed, the Tribunal also rejected additions for nine non-responding debtors for lack of further investigation. en-us Thu, 04 Sep 2025 00:00:00 +0530 Fri, 12 Sep 2025 17:11:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778352 ITAT LUCKNOW - AT allowed the assessee's appeal and deleted additions under sections 68/69 that the AO made by aggregating sundry debtors and cash deposits. The Tribunal held the AO erred in relying on a tax-sample study and average cash realization (post-demonetization) without questioning purchases, sales or stock, noting audited accounts and no rejection under s.145(3). While agreeing with CIT(A) that confirmed sales reflected debtors and cannot be double-taxed, the Tribunal also rejected additions for nine non-responding debtors for lack of further investigation. Case-Laws Income Tax Thu, 04 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778352