https://www.taxtmi.com/caselaws?id=780930 ITAT upheld the appeal of the assessee and deleted additions under section 68 and unexplained credit under section 115BBE. The Tribunal found cash deposits were directly linked to trading receipts in a jewellery trading proprietorship and corroborated by sales records, stock particulars and GST filings; the AO acted on conjecture without adequate corroborative material. Advances from customers were verified by the CIT(A) as trading receipts and appropriately accounted for in the subsequent year. Revenue's grounds were dismissed for lack of evidential basis. en-us Wed, 16 Jul 2025 00:00:00 +0530 Wed, 05 Nov 2025 15:27:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780930 ITAT upheld the appeal of the assessee and deleted additions under section 68 and unexplained credit under section 115BBE. The Tribunal found cash deposits were directly linked to trading receipts in a jewellery trading proprietorship and corroborated by sales records, stock particulars and GST filings; the AO acted on conjecture without adequate corroborative material. Advances from customers were verified by the CIT(A) as trading receipts and appropriately accounted for in the subsequent year. Revenue's grounds were dismissed for lack of evidential basis. Case-Laws Income Tax Wed, 16 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780930