https://www.taxtmi.com/caselaws?id=782633 ITAT Delhi dismissed the Revenue's appeal and upheld deletion of the addition made u/s 68 on cash deposits during the demonetization period. The Tribunal noted that the assessee had duly maintained sales vouchers, filed VAT returns within the prescribed time prior to 08.11.2016, and those returns remained unaltered and unchallenged by VAT authorities. The Revenue failed to produce any material to show that the recorded cash sales were fictitious or bogus. Relying on precedent in similar matters, ITAT held the cash deposits to be explained business receipts. en-us Mon, 10 Nov 2025 00:00:00 +0530 Tue, 02 Dec 2025 08:35:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782633 ITAT Delhi dismissed the Revenue's appeal and upheld deletion of the addition made u/s 68 on cash deposits during the demonetization period. The Tribunal noted that the assessee had duly maintained sales vouchers, filed VAT returns within the prescribed time prior to 08.11.2016, and those returns remained unaltered and unchallenged by VAT authorities. The Revenue failed to produce any material to show that the recorded cash sales were fictitious or bogus. Relying on precedent in similar matters, ITAT held the cash deposits to be explained business receipts. Case-Laws Income Tax Mon, 10 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782633