https://www.taxtmi.com/highlights?id=22278 Cash Credit u/s 68 - The cash realized on making the cash sales was deposited into the bank accounts of other persons and cheques were received. Those cheques were credited against the debtors. In our view, the above said procedure would not give rise to any gain as assumed by the Ld CIT(A). - AT en-us Sat, 28 Mar 2015 07:53:55 +0530 Sat, 28 Mar 2015 07:53:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=22278 Cash Credit u/s 68 - The cash realized on making the cash sales was deposited into the bank accounts of other persons and cheques were received. Those cheques were credited against the debtors. In our view, the above said procedure would not give rise to any gain as assumed by the Ld CIT(A). - AT Highlights Income Tax Sat, 28 Mar 2015 07:53:55 +0530 https://www.taxtmi.com/highlights?id=22278