Demonetisation Cash Deposits Not Unexplained: ₹45 Lakh Addition Deleted

Arun Rajput Vs ITO (ITAT Delhi) Demonetisation Cash Deposit Not Unexplained: Delhi ITAT Deletes Entire ₹45.23 Lakh Addition u/s 69A- AO’s Human-Probability Theory Rejected: Delhi ITAT Accepts Cash Sales & Books, Quashes 69A Addition Assessee, proprietor of M/s Sunny Jewellers, declared income of Rs.12,93,560. During demonetisation, Assessee deposited cash of Rs.45,23,500 (Rs.43,73,500 + Rs.1,50,000). AO held that Assessee had only Rs.4,57,741 cash-in-hand on 08.11.2016; purchases from relatives were unverifiable; & cash deposits occurred only in the demonetisation window. Applying ...