https://www.taxtmi.com/caselaws?id=464087 ITAT Lucknow (AT) held that additions under section 68 for cash deposits during the demonetisation period were unsustainable where the assessee had already admitted the amounts as revenue receipts from sales. The Tribunal found the AO erred in treating banked cash sales of jewellery as unexplained cash credits and deleted the additions made by the AO and confirmed by the CIT(A), allowing the assessee's grounds 1-5. en-us Wed, 04 Sep 2024 00:00:00 +0530 Wed, 01 Oct 2025 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464087 ITAT Lucknow (AT) held that additions under section 68 for cash deposits during the demonetisation period were unsustainable where the assessee had already admitted the amounts as revenue receipts from sales. The Tribunal found the AO erred in treating banked cash sales of jewellery as unexplained cash credits and deleted the additions made by the AO and confirmed by the CIT(A), allowing the assessee's grounds 1-5. Case-Laws Income Tax Wed, 04 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464087