Scrap Sales Demonetization Cash deposit Addition reduced from ₹1.66 Cr to ₹8 Lakh

ITO Vs R.P. Milkmade Products Pvt. Ltd. (ITAT Delhi)

Scrap Sales Not Fully Believable, But 100% Addition Unjustified: ITAT Delhi Restricts Demonetisation Cash Addition to ₹8 Lakh; Section 115BBE cannot apply to periods before 01.04.2017,

The ITAT held that cash deposits during demonetization could be explained partly through scrap sales, but missing asset registers, transport documents, and weighment slips justified only a limited Section 68 addition. The Tribunal ruled that neither full acceptance nor complete rejection was warranted, as both the

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