AdvertisementDCIT Vs Rai Bahadur Narain Singh Sugar Mills Ltd. (ITAT Delhi) The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) decided the Revenue’s appeal against the order of the National Faceless Appeal Centre (NFAC) for Assessment Year 2017-18 concerning an addition of ₹91.77 lakh made under Section 68 of the Income-tax Act, 1961 on account of cash deposits during the demonetisation period. The assessee, engaged in the manufacture of white crystal sugar from sugarcane and the production of ethanol, liquor and CO2 gas, had filed its return declaring income under the normal provisions an...