https://www.taxtmi.com/caselaws?id=340296 Section 68 could not be invoked for bank deposits reflected only in a bank passbook or bank statement, because such records are not the assessee's own books of account for that purpose; the addition on that footing was therefore unsustainable. The alternative reliance on section 69 also failed because the assessment did not rest on that provision, and section 292B could not cure a defect that went to the validity of the addition itself rather than a mere mistake in form. The bank-deposit addition was deleted and the assessee's appeal was allowed. en-us Tue, 28 Feb 2017 00:00:00 +0530 Mon, 20 Mar 2017 08:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340296 Section 68 could not be invoked for bank deposits reflected only in a bank passbook or bank statement, because such records are not the assessee's own books of account for that purpose; the addition on that footing was therefore unsustainable. The alternative reliance on section 69 also failed because the assessment did not rest on that provision, and section 292B could not cure a defect that went to the validity of the addition itself rather than a mere mistake in form. The bank-deposit addition was deleted and the assessee's appeal was allowed. Case-Laws Income Tax Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340296