https://www.taxtmi.com/caselaws?id=332344 ITAT MUMBAI - AT held that additions under s.68 could not be sustained where the Assessing Officer relied solely on a bank passbook/statement, since a passbook maintained by the bank is not the assessee's "books of account" and a sum must be shown credited in the assessee's own books to invoke s.68. Relying only on joint bank deposits in the husband-and-wife account therefore failed and the assessment addition was reversed in favour of the assessee. en-us Fri, 12 Aug 2016 00:00:00 +0530 Thu, 11 Sep 2025 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332344 ITAT MUMBAI - AT held that additions under s.68 could not be sustained where the Assessing Officer relied solely on a bank passbook/statement, since a passbook maintained by the bank is not the assessee's "books of account" and a sum must be shown credited in the assessee's own books to invoke s.68. Relying only on joint bank deposits in the husband-and-wife account therefore failed and the assessment addition was reversed in favour of the assessee. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332344