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Entire Section 68/69 Additions Deleted; Cash Sales & Bank Withdrawals Accepted by ITAT Ahmedabad
Case Law Details
- Case Name
- Furnish Home Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Ahmedabad
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Furnish Home Vs ITO (ITAT Ahmedabad)
Entire Section 68/69 Additions Deleted; Cash Sales & Bank Withdrawals Accepted—ITAT Ahmedabad Allows Assessee’s Appeal, Dismisses Revenue (AY 2017-18)
The Ahmedabad ‘A’ Bench of the Income Tax Appellate Tribunal, Ahmedabad Bench allowed the assessee’s appeal and dismissed the Revenue’s cross-appeal in the case of Furnish Home (partnership firm) for AY 2017-18, granting complete relief on all additions made by the Assessing Officer.
The AO had made aggregate additions of ₹1.20 crore, comprising:
Cash deposits u/s 68 – ₹26.96 lakh
Chequ...
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