CBEC Data Mismatch Cannot Justify Addition Without Enquiry: ITAT Delhi

Deepsons (India) Pvt. Ltd Vs ACIT (ITAT Delhi) ITAT Delhi: CBEC Data Mismatch Cannot Justify Addition Without Enquiry; Demonetisation Cash Explained from Cash Book – Section 115BBE Held Inapplicable for AY 2017-18 The Delhi Bench “F” of the ITAT allowed the appeal of Deepsons (India) Pvt. Ltd. for AY 2017-18 and deleted additions aggregating to ₹4.78 crore, holding that both the additions for alleged under-reported turnover and cash deposits during demonetisation were unsustainable in law. On the issue of under-reported revenue of ₹4.21 crore, the Tribunal noted that the Assessing Of...