TMI BlogCash deposits treated as genuine sales proceeds, commission income by ITAT.Assessee engaged in commission agency business for procuring fruits/vegetables. Cash deposits in bank explained as sale proceeds and commission income. ITAT held source of cash deposits fully explained, deleting addition made by CIT(A) u/s 68. Decided in favour of assessee. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|