R.M. Sales Corporation v ITO (2024) 230 TTJ 701 / 240 DTR 201 / 38 NYPTTJ 929 / 167 taxmann.com 679 (Amritsar)(Trib)

S. 69A : Unexplained money-Cash deposit-Demonetization-Sufficient stock-Sales-Sales shown in VAT return-Addition is deleted.

Held that the  Assessee has explained that the cash deposited in its bank account during the demonetization period was the amount available on account of cash sales which have been shown in the regular books of account and also accepted as such by the VAT authorities. Addition is deleted. (AY. 2017-18)

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