Entire Section 68/69 Additions Deleted; Cash Sales & Bank Withdrawals Accepted by ITAT Ahmedabad

Furnish Home Vs ITO (ITAT Ahmedabad) Entire Section 68/69 Additions Deleted; Cash Sales & Bank Withdrawals Accepted—ITAT Ahmedabad Allows Assessee’s Appeal, Dismisses Revenue (AY 2017-18) The Ahmedabad ‘A’ Bench of the Income Tax Appellate Tribunal, Ahmedabad Bench allowed the assessee’s appeal and dismissed the Revenue’s cross-appeal in the case of Furnish Home (partnership firm) for AY 2017-18, granting complete relief on all additions made by the Assessing Officer. The AO had made aggregate additions of ₹1.20 crore, comprising: Cash deposits u/s 68 – ₹26.96 lakh Chequ...