Partial Rejection of Books Held Invalid in Demonetisation Cash Deposit Case

Divay Mohindru Vs ITO (ITAT Amritsar)

ITAT Amritsar Deletes ₹2.75 Cr Demonetisation Cash Deposit Addition: Sales Supported by Stock Register Cannot Be Disbelieved on “Human Probability”

The Amritsar Bench of the ITAT allowed the assessee’s appeal and deleted the addition of ₹2.75 crore made under section 69A (taxed under section 115BBE) towards cash deposits during the demonetisation period for AY 2017-18. The assessee, a jeweller, had deposited ₹4.09

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