Cash Deposits During Demonetisation Accepted as Genuine; Addition Deleted

S. S. Pranav Steels Private Limited Vs ITO (ITAT Delhi) Cash Deposits During Demonetisation Accepted as Genuine; Addition Deleted Delhi Tribunal examined the addition of ₹1,31,11,845/- made by the AO u/s 68 r.w.s. 115BBE on account of cash deposits during the demonetisation period. Assessee, engaged in trading of steel wire products with a declared turnover of ₹44.46 crore, had recorded substantial cash sales during October 2016 & up to 08.11.2016. All books of accounts, VAT-reconciled sales, monthly stock registers, cash books, cash memos & cash flows were filed. It was explained ...