AO Can’t Cry ‘SBN Violation’ to Tax Genuine Sales – Demonetisation or Not – Once Sales Are in the Books, You Can’t Tax the Cash Twice

Girish Karamshi Dedhia Vs DCIT (ITAT Mumbai)

AO Can’t Cry ‘SBN Violation’ to Tax Genuine Sales – Demonetisation or Not – Once Sales Are in the Books, You Can’t Tax the Cash Twice

You Accepted Sales, You Accepted Profit; But You Taxed the Cash? ITAT Says NO- Section 69A Cannot Override Logic

ITAT Mumbai deletes addition on demonetisation cash deposits – Once cash sales & books are accepted, Section 69A cannot be invoked merely due to SBN notification.

Assessee, an individual running a petrol pump under the proprietorship “M/s. Autopushp”, f

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