https://www.taxtmi.com/caselaws?id=780007 ITAT Ahmedabad upheld the CIT(A)'s deletion of additions under s.68 read with s.115BBE relating to cash deposits during demonetisation, dismissing the Revenue's appeal. The Tribunal found the AO failed to point specific defects in books or stock records and made additions based on suspicion from increased cash sales. Audited accounts, quantitative stock registers, VAT returns and Form 3CD corroborated genuine sales and stock availability. Citing consistent precedent, the Tribunal held books cannot be rejected absent specific glaring defects and mere financial analysis cannot justify addition under s.68. en-us Mon, 13 Oct 2025 00:00:00 +0530 Thu, 16 Oct 2025 08:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780007 ITAT Ahmedabad upheld the CIT(A)'s deletion of additions under s.68 read with s.115BBE relating to cash deposits during demonetisation, dismissing the Revenue's appeal. The Tribunal found the AO failed to point specific defects in books or stock records and made additions based on suspicion from increased cash sales. Audited accounts, quantitative stock registers, VAT returns and Form 3CD corroborated genuine sales and stock availability. Citing consistent precedent, the Tribunal held books cannot be rejected absent specific glaring defects and mere financial analysis cannot justify addition under s.68. Case-Laws Income Tax Mon, 13 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780007