Addition towards unexplained cash set aside as cash reconciliation duly produced: ITAT Mumbai

DCIT Vs Mehta Emporium Jewellers (ITAT Mumbai) ITAT Mumbai held that addition under section 69A towards unexplained cash found during course of search cannot be sustained since reconciliation of cash with concerned sales invoices duly produced. Accordingly, appeal of revenue dismissed to that extent. Facts- The assessee is a partnership firm engaged in trading of gold and diamond jewellery. The assessment was completed u/s. 143(3) of the Act, at the income of Rs. 1,50,67,413/- vide order dated 01.09.2021. Ld. AO made additions of Rs. 30,01,923/- on account of unaccounted sales and Rs. 75,00,00...