https://www.taxtmi.com/caselaws?id=779000 ITAT upheld the CIT(A)'s deletions: the addition of Rs. 9,60,01,000 as unexplained cash credit was cancelled after findings that cash deposits arose from genuine cash sales supported by purchase invoices, VAT returns, stock records and confirmations obtained under s.133(6); there was no abnormality in sales, nor were books rejected u/s.145(3). The disallowance of Rs. 7,20,000 as salary to two employees was also deleted since the AO failed to raise it in the show-cause notice and the salaries were declared in the employees' income-tax returns. en-us Thu, 04 Sep 2025 00:00:00 +0530 Fri, 26 Sep 2025 08:26:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779000 ITAT upheld the CIT(A)'s deletions: the addition of Rs. 9,60,01,000 as unexplained cash credit was cancelled after findings that cash deposits arose from genuine cash sales supported by purchase invoices, VAT returns, stock records and confirmations obtained under s.133(6); there was no abnormality in sales, nor were books rejected u/s.145(3). The disallowance of Rs. 7,20,000 as salary to two employees was also deleted since the AO failed to raise it in the show-cause notice and the salaries were declared in the employees' income-tax returns. Case-Laws Income Tax Thu, 04 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779000