https://www.taxtmi.com/caselaws?id=780856 ITAT upheld the CIT(A)'s deletion of additions under s.68, allowing the assessee's appeal. The Tribunal found no justification for treating all cash sales between 01.04.2016 and 08.11.2016 as bogus, noting similar cash sales in the prior period and substantially higher overall turnover (Rs.91.03 crore v. Rs.59.52 crore). Discrepancies in cash books, invoices and challans were neither quantified nor shown to invalidate total cash sales; lack of buyer addresses was held to be normal business practice. CIT(A)'s remand directions to verify stock were considered and Revenue failed to overturn those findings. en-us Fri, 04 Jul 2025 00:00:00 +0530 Thu, 06 Nov 2025 15:53:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780856 ITAT upheld the CIT(A)'s deletion of additions under s.68, allowing the assessee's appeal. The Tribunal found no justification for treating all cash sales between 01.04.2016 and 08.11.2016 as bogus, noting similar cash sales in the prior period and substantially higher overall turnover (Rs.91.03 crore v. Rs.59.52 crore). Discrepancies in cash books, invoices and challans were neither quantified nor shown to invalidate total cash sales; lack of buyer addresses was held to be normal business practice. CIT(A)'s remand directions to verify stock were considered and Revenue failed to overturn those findings. Case-Laws Income Tax Fri, 04 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780856