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No Section 69A Addition for Demonetisation Cash Deposits From Recorded Jewellery Sales: ITAT Ahmedabad
Case Law Details
- Case Name
- DCIT Vs Bharatji Designer Jewellery Pvt. Ltd. (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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DCIT Vs Bharatji Designer Jewellery Pvt. Ltd. (ITAT Ahmedabad)
Addition Under Section 69A Cannot Be Made on Mere Suspicion During Demonetisation; ITAT Deletes ₹2.35 Crore Addition Because Jeweller’s Books Showed Proper Stock and Sales Records; ITAT Upholds Deletion of Demonetisation Addition Due to Lack of Specific Defects in Books; Abnormal Sales Increase During Demonetisation Alone Not Enough for Section 69A Addition.
The ITAT Ahmedabad dismissed the Department’s appeal and upheld the deletion of addition of ₹2.35 crore made under Section 69A in respect of cash d...






