https://www.taxtmi.com/caselaws?id=782117 ITAT Ahmedabad allowed the assessee's appeal and deleted the addition made u/s 68 in respect of cash deposits during the demonetization period. The assessee demonstrated that the deposits arose from cash sales already recorded in the books, and provided plausible explanation for increased sales due to seasonal factors in the building material business. The Tribunal held that once prima facie evidence is produced, the burden shifts to the Department, which failed to bring any contrary material on record. A clerical error in opening cash balance was accepted as a bona fide bookkeeping mistake. en-us Mon, 28 Jul 2025 00:00:00 +0530 Tue, 25 Nov 2025 08:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782117 ITAT Ahmedabad allowed the assessee's appeal and deleted the addition made u/s 68 in respect of cash deposits during the demonetization period. The assessee demonstrated that the deposits arose from cash sales already recorded in the books, and provided plausible explanation for increased sales due to seasonal factors in the building material business. The Tribunal held that once prima facie evidence is produced, the burden shifts to the Department, which failed to bring any contrary material on record. A clerical error in opening cash balance was accepted as a bona fide bookkeeping mistake. Case-Laws Income Tax Mon, 28 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782117