https://www.taxtmi.com/caselaws?id=780356 ITAT deleted additions made by the AO regarding cash deposits during the demonetisation period and the alleged unaccounted purchase/ body-building expenditure for a lorry, finding the cash book and bank entries adequately explained the receipts and payments. The tribunal held the books could not be discarded, the AO failed to establish non-sale origin of deposits, and there was no inflation of asset cost; it reversed the lower authorities' confirmations and restored the assessee's depreciation claim by deleting the impugned additions. en-us Mon, 27 Oct 2025 00:00:00 +0530 Wed, 29 Oct 2025 08:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780356 ITAT deleted additions made by the AO regarding cash deposits during the demonetisation period and the alleged unaccounted purchase/ body-building expenditure for a lorry, finding the cash book and bank entries adequately explained the receipts and payments. The tribunal held the books could not be discarded, the AO failed to establish non-sale origin of deposits, and there was no inflation of asset cost; it reversed the lower authorities' confirmations and restored the assessee's depreciation claim by deleting the impugned additions. Case-Laws Income Tax Mon, 27 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780356