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2023 (8) TMI 507 - ITAT DELHIAddition u/s 68 r.w.s 115BBE - unexplained cash credit made - HELD THAT:- DR could not controvert the contentions of the assessee that the purchases have been accepted. The assessee’s accounts are duly audited and book results have not been disturbed. Therefore, merely because the sales have been made in cash ought not to have been the basis for making the addition. Moreover, the business of the assessee was exempted in respect of pecuniary limit despite of deposit of demonetize currency. It is not the case where the AO found any discrepancy related to stocks. If the sales were matched with purchases, in our view, no addition was called for. Therefore, we direct the AO to delete the impugned addition - Decided in favour of assessee.
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