Allowing the appeal, the Tribunal held that where the source of cash deposits is explained, the additions cannot be made as cash credits or unexplained investment. Cash deposited during the demonetization period is deleted. (AY. 2017-18)
Mohit Sukhija v. NFA (2025) 213 ITD 251 (Delhi)(Trib.)
S. 44AD: Presumptive basis-Cash credits-Unexplained investment-Demonetization-Cash deposits in books-Source of cash deposits explained-VAT return-Declared sales-Sales not doubted-The additions cannot be made as cash credits or unexplained investment.[S. 68, 69]
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