No Section 115BBE addition by considering credits to bank account as income

Rohit Goel Vs ACIT (ITAT Delhi) Income Tax Appellate Tribunal (ITAT), Delhi Bench, has issued a partial reprieve to Rohit Goel, a Delhi-based trader of spices and dry fruits, in his appeal against the Assistant Commissioner of Income Tax (ACIT) for Assessment Year 2020-21. The appeal challenged additions totaling over Rs. 3.45 crore made by the tax authorities on account of unexplained cash deposits and alleged out-of-book purchases. Background of the Case Rohit Goel, operating a proprietorship concern named M/s. Laxmi International and a co-partner in M/s. Laxmi Exports, filed his income tax ...