https://www.taxtmi.com/caselaws?id=783048 ITAT Delhi-AT dismissed Revenue's appeal and upheld deletion of addition u/s 68 r.w. s.115BBE on cash deposits of specified bank notes during the demonetisation period. It held that the cash deposits were duly recorded as sales in the audited books and already credited to the Profit & Loss account, rendering any further addition a prohibited double addition. The AO had neither rejected the books of account nor pointed out discrepancies in sales, purchases or stock, and the assessee's sales were declared in VAT/Sales Tax returns. In absence of contrary evidence from the Department, the onus under s.68 was held not to be discharged, and the addition was unsustainable. en-us Thu, 27 Nov 2025 00:00:00 +0530 Tue, 09 Dec 2025 08:41:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783048 ITAT Delhi-AT dismissed Revenue's appeal and upheld deletion of addition u/s 68 r.w. s.115BBE on cash deposits of specified bank notes during the demonetisation period. It held that the cash deposits were duly recorded as sales in the audited books and already credited to the Profit & Loss account, rendering any further addition a prohibited double addition. The AO had neither rejected the books of account nor pointed out discrepancies in sales, purchases or stock, and the assessee's sales were declared in VAT/Sales Tax returns. In absence of contrary evidence from the Department, the onus under s.68 was held not to be discharged, and the addition was unsustainable. Case-Laws Income Tax Thu, 27 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783048