https://www.taxtmi.com/caselaws?id=782744 The ITAT Delhi-AT allowed the assessee's appeal and deleted the addition u/s 69A arising from cash deposits during the demonetization period. The Tribunal held that the cash deposits were duly explained by contemporaneous cash sales, distress sale strategy, liquidation of prior closing stock, and a business shift toward over-the-counter cash transactions. Properly maintained books of account and cash book supported the cash movement and deposits. The AO's method of allowing credit only for prior year deposits was found arbitrary and unsupported by the business facts, and the CIT(A) erred in upholding it. en-us Wed, 12 Nov 2025 00:00:00 +0530 Wed, 03 Dec 2025 08:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782744 The ITAT Delhi-AT allowed the assessee's appeal and deleted the addition u/s 69A arising from cash deposits during the demonetization period. The Tribunal held that the cash deposits were duly explained by contemporaneous cash sales, distress sale strategy, liquidation of prior closing stock, and a business shift toward over-the-counter cash transactions. Properly maintained books of account and cash book supported the cash movement and deposits. The AO's method of allowing credit only for prior year deposits was found arbitrary and unsupported by the business facts, and the CIT(A) erred in upholding it. Case-Laws Income Tax Wed, 12 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782744