https://www.taxtmi.com/caselaws?id=782736 The ITAT Kolkata allowed Assessee's appeal, deleting additions made by AO on two counts. First, addition u/s 69A on cash deposited during demonetization was held unsustainable, as the cash represented recorded cash sales already offered to tax; invoking s.69A without any finding of unexplained money or rejection of books would result in impermissible double taxation. Second, the estimated addition at 3.68% for alleged suppression of sales was deleted since AO had neither invoked s.145(3) nor identified any defects in the duly audited books. Consequently, the CIT(A)'s order was set aside and both additions were directed to be deleted. en-us Tue, 11 Nov 2025 00:00:00 +0530 Tue, 02 Dec 2025 11:48:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782736 The ITAT Kolkata allowed Assessee's appeal, deleting additions made by AO on two counts. First, addition u/s 69A on cash deposited during demonetization was held unsustainable, as the cash represented recorded cash sales already offered to tax; invoking s.69A without any finding of unexplained money or rejection of books would result in impermissible double taxation. Second, the estimated addition at 3.68% for alleged suppression of sales was deleted since AO had neither invoked s.145(3) nor identified any defects in the duly audited books. Consequently, the CIT(A)'s order was set aside and both additions were directed to be deleted. Case-Laws Income Tax Tue, 11 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782736