https://www.taxtmi.com/caselaws?id=781695 ITAT (Delhi) allowed the appeal, quashing additions under s.68. The Tribunal found the AO relied solely on a third-party statement without affording opportunity for cross-examination or conducting any independent inquiry. Assessee's audited books, accepted in VAT/GST assessments, reflected the contested sales (including the Rs.95 lakh item), and invoices/e-way bills contained requisite details. In absence of adverse material or independent verification, the receipts could not be treated as unexplained cash credits, and the addition was deleted. en-us Wed, 12 Nov 2025 00:00:00 +0530 Wed, 19 Nov 2025 08:52:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781695 ITAT (Delhi) allowed the appeal, quashing additions under s.68. The Tribunal found the AO relied solely on a third-party statement without affording opportunity for cross-examination or conducting any independent inquiry. Assessee's audited books, accepted in VAT/GST assessments, reflected the contested sales (including the Rs.95 lakh item), and invoices/e-way bills contained requisite details. In absence of adverse material or independent verification, the receipts could not be treated as unexplained cash credits, and the addition was deleted. Case-Laws Income Tax Wed, 12 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781695