Section 68 Addition Deleted as Cash Deposits Explained from Books: ITAT Delhi

Advertisement SDM Lifescienes Pvt. Ltd. Vs ITO (ITAT Delhi) The appeal before the Income Tax Appellate Tribunal, Delhi Bench, arose from the order of the National Faceless Appeal Centre dated 16.10.2025 for Assessment Year 2017-18 against the assessment order passed under Section 143(3) of the Income-tax Act, 1961 dated 30.12.2019. Ground Nos. 1, 2, 5 and 6 were dismissed as not pressed. The only issue considered was whether the NFAC was justified in upholding the addition made on account of cash deposits during the demonetisation period. The assessee had filed its return of income on 30.03...