ITAT Chandigarh Deletes ₹24 Lakh Addition on Cash Sales During Demonetisation

Deepika Garg Vs ITO (ITAT Chandigarh) ITAT Chandigarh Deletes ₹24 Lakh Addition on Cash Sales – Books Not Rejected, Evidence from Parties Produced Background Assessee declared income of ₹30.05 lakh. AO assessed at ₹59.55 lakh u/s 115BBE. Addition 1: ₹5.5 lakh u/s 68 (unexplained credit). Assessee withdrew this ground before Tribunal. Addition 2: ₹24 lakh treated as bogus cash sales to four parties. AO noticed uniform cash receipts of ₹24,000/- at intervals, treated as fictitious & added u/s 68. CIT(A) upheld addition. Assessee’s Defence Maintained audited books with suff...