Subhash Chand Gupta v. ACIT (2024)116 ITR 14 (SN)/ [2025] 210 ITD 118 (Delhi)(Trib)

S. 69A : Unexplained money-Sales-Demonetisation-Deletion of addition is affirmed.

The asseesseee had sufficient cash balance to make the cash deposits throughout the year and also during the demonetisation period. He had submitted the entire sale bills before the Assessing Officer along with the details of cash sales. Order of CIT(A) deleting the addition is affirmed.  (AY.2015-16, 2017-18)

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