Cash Sales Recorded in Books Cannot Be Added Again Under Section 68

Ankit Vijaykumar Jain Vs DCIT (ITAT Ahmedabad)

Cash Sales Recorded in Books Cannot Be Taxed Again u/s 68: ITAT Ahmedabad Deletes Demonetisation Addition & Commission Disallowance

The Ahmedabad Bench of the ITAT allowed the assessee’s appeal for AY 2017-18 and deleted the addition of ₹48.02 lakh made under Section 68 in respect of cash deposits during the demonetisation period, holding that the same represented recorded business receipts and sales duly refl

Please become a Premium member. If you are already a Premium member, login here to access the full content.