Goods and Service TaxArticle·17 July 2026
ITAT rejects 68 Addition on account of GST TO difference
By J the App
Executive Summary
The Income Tax Appellate Tribunal, Delhi Bench, by its order dated 11 May 2026, dismissed the Revenue's appeal and upheld the deletion of an addition under Section 68 amounting to ₹6.68 crore.
The Tribunal accepted that the difference between turnover reported in the financial statements and cash deposits stood fully explained by the GST component forming part of the gross turnover under Section 145A.
Background
During assessment proceedings, the Assessing Officer observed that the assessee had deposited substantial cash in...
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