Held that the AO is not justified in rejecting the books of account The assessee has produced the stock register and other details. Addition as cash credits is not justified. (AY. 2017-18)
Kshetrapal Gold P. Ltd. v. ITO (2024) 115 ITR 85 (SN)(Ahd)(Trib)
S. 68 : Cash credits-Cash deposits-Demonetisation-Rejection of books of account without recording the satisfaction is not justified-Addition is deleted.[S. 145(3)