https://www.taxtmi.com/caselaws?id=778454 ITAT remitted the matter to the AO for fresh examination of documents (appointment letter, VAT/GST registration, bank statements, audited accounts) after the assessee explained that cash deposits were sale proceeds of a proprietary concern and that the firm's PAN was mistakenly given. The AO was directed to delete the addition under section 68 if the deposits are reflected in the firm's books and the proprietor has included the income in his return, after giving the assessee a reasonable opportunity of being heard. Appeal allowed for statistical purposes. en-us Fri, 17 Jan 2025 00:00:00 +0530 Wed, 17 Sep 2025 08:31:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778454 ITAT remitted the matter to the AO for fresh examination of documents (appointment letter, VAT/GST registration, bank statements, audited accounts) after the assessee explained that cash deposits were sale proceeds of a proprietary concern and that the firm's PAN was mistakenly given. The AO was directed to delete the addition under section 68 if the deposits are reflected in the firm's books and the proprietor has included the income in his return, after giving the assessee a reasonable opportunity of being heard. Appeal allowed for statistical purposes. Case-Laws Income Tax Fri, 17 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778454