Cash Deposits should not be assessed U/s. 68 when cheque deposits were accepted as business turnover: ITAT, Hyderabad

There is no reason cash deposits should be assessed U/s. 68 when cheque deposits were accepted as business turnover. We find the reason given by the Ld.CIT(A) in treating the entire amount as turnover is reasonable on the facts of the case. Income Tax Officer, Ward-4, … vs Shaik Zameer, Nellore on 18 May, 2018…