https://www.taxtmi.com/caselaws?id=778532 ITAT (DELHI - AT) dismissed the revenue's appeal and upheld CIT(A), rejecting additions under s.69A r.w.s.115BBE in respect of cash deposited as SBN during demonetization. The tribunal found cash sales were recorded in the day-to-day cash book, stock and sales records supported realization, and the assessee had discharged its onus. AO made no adverse findings on stock, books or evidence of fictitious/back-dated sales and relied on conjecture. Imposing additions would have effectively taxed the same income twice, so no addition was sustained. en-us Fri, 12 Sep 2025 00:00:00 +0530 Thu, 18 Sep 2025 08:30:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778532 ITAT (DELHI - AT) dismissed the revenue's appeal and upheld CIT(A), rejecting additions under s.69A r.w.s.115BBE in respect of cash deposited as SBN during demonetization. The tribunal found cash sales were recorded in the day-to-day cash book, stock and sales records supported realization, and the assessee had discharged its onus. AO made no adverse findings on stock, books or evidence of fictitious/back-dated sales and relied on conjecture. Imposing additions would have effectively taxed the same income twice, so no addition was sustained. Case-Laws Income Tax Fri, 12 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778532