CIT(A) Cannot disbelieve Cash Book Solely Based on General Practice

Mool Chand Aggarwal Vs ACIT (ITAT Delhi)

CIT(A) cannot disbelieve cash book only on the ground that ‘generally individuals do not maintain cash book and it is not mandatory to maintain cash book for the individual’.

The Income Tax Appellate Tribunal (ITAT) Delhi recently provided relief to Mool Chand Aggarwal against the order of the Learned Commissioner of Income Tax (Appeals), New Delhi. The case, pertaining to the assessment year 2018-19, involved an addition of Rs. 10,68,100 under section 69A of the Income Tax Act, 1961.

Key Points of the Case:

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