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Unexplained Cash Credits Under IT Act Section 68: A.O. Fails to Identify Defects in Books During Demonetization.

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....Unexplained cash credit u/s. 68 - Source of cash deposited during demonetization period - A.O. is not able to find any defect in the books of accounts, except general statements made in the assessment order. Though the A.O. has doubted the sales made during the year, he is not doubted the purchases made or stock maintained by the assessee during the year. - AT....

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