Held that the assessee had already declared the cash sales in its books of account and had explained the cash deposits, which the lower authorities had accepted as regular business transactions and had brought them to tax. Since, the cash stood recorded and explained and was already part of the book results. Addition is deleted. (AY.2017-18)
S. Balaji Mech-Tech P. Ltd. v. ITO (2024)116 ITR 31/ [2025] 170 taxmann.com 639 (Delhi)(Trib)
S. 68 : Cash credits-Cash deposits-Bank-Cash sales-Demonetisation-Business of machinery parts and bearings-No discrepancy in stock register or goods and services tax returns-Addition is deleted.[S.69A, 133A]
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