https://www.taxtmi.com/caselaws?id=779778 ITAT DELHI - AT allowed the appeal and deleted the addition under section 68 relating to old-currency deposits during the demonetization period. The tribunal found the assessing authorities acted arbitrarily by ignoring the assessee's pre-demonetization closing cash balance and failing to verify the cash book, despite a small pre-demonetization discrepancy. Review of totals showed cash sales of Rs. 48.03 crore against cash deposits of Rs. 47.45 crore, which did not justify the unexplained credit addition; the grounds raised by the assessee were therefore allowed. en-us Wed, 24 Sep 2025 00:00:00 +0530 Mon, 13 Oct 2025 08:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779778 ITAT DELHI - AT allowed the appeal and deleted the addition under section 68 relating to old-currency deposits during the demonetization period. The tribunal found the assessing authorities acted arbitrarily by ignoring the assessee's pre-demonetization closing cash balance and failing to verify the cash book, despite a small pre-demonetization discrepancy. Review of totals showed cash sales of Rs. 48.03 crore against cash deposits of Rs. 47.45 crore, which did not justify the unexplained credit addition; the grounds raised by the assessee were therefore allowed. Case-Laws Income Tax Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779778