No addition for Demonitization Cash deposit when books not rejected: ITAT Pune

Manish Holaram Ranglani Vs ACIT (ITAT Pune) The appeal arises from an order of the CIT(A) NFAC, Delhi, dated 8 July 2025, in relation to the assessment completed under section 143(3) of the Income Tax Act, 1961, dated 11 December 2019. The assessee, an individual engaged in wholesale trading of food grains, pulses, and other essential commodities, filed a return of income for A.Y. 2017-18 declaring a total income of Rs. 10,30,740. The case was selected for limited scrutiny under CASS to examine cash deposits during the demonetization period of 19 November 2016 to 31 December 2016. The AO obser...