Demonetisation Cash Deposit Genuine: AO Cannot Reject Accepted Petrol Pump Sales

Raj Kumar Vs ITO (ITAT Delhi)

AO Cannot Treat Accepted Cash Sales as Unexplained – Books Accepted, VAT Assessed – Tribunal Deletes 68 Addition on Demonetisation Deposits- Cash Deposits During Demonetisation from Petrol Pump Sales Held Genuine – ITAT Deletes ₹34.3 Lakh Addition

Assessee, proprietor of M/s R.S. Chaudhary Filling Station, filed appeal against the order of NFAC, Delhi dated 21.02.2025 confirming addition of ₹34,30,729/- u/s 68 in respect of cash deposits during demonetisation period.

Assessee, engaged in

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