Held that the revenue had not proved the onus that the opening cash balance stood utilised for some other purposes by the assessee and that the same was not available as a cash source with the assessee as on the date of making the deposit. Addition made under section 68 read with section 115BBE was deleted. (AY. 2017-18)
G.N. International (P.) Ltd. v. ACIT (2025) 214 ITD 180 (Delhi) (Trib.)
S. 68: Cash credits-Cash deposits in its bank-Demonetization period-Opening cash balance-Addition was deleted as cash credits read with section 115BBE of the Act. [S.115BBE]
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