Held that the assesseee had cash balance available with the various bank branches (per auditor’s certificate) and had made cash sales on announcement of demonetisation as supported by sales bills. Addition is deleted.(AY.2017-18)
Cottage Arts Emporium v. ACIT (2024)114 ITR 69 (SN.) (Chennai)(Trib)
S. 68 : Cash credits-Cash deposits in bank account-Demonetisation-Cash sales and opening balance-Advance salary to employees-Addition is deleted. [S.115E]
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