https://www.taxtmi.com/caselaws?id=362203 The Tribunal allowed the appeals of the assessee, holding that Section 68 of the Income-tax Act, 1961, could not be applied to cash deposits in bank accounts when the assessee did not maintain books of account. The Tribunal directed the Assessing Officer to delete the additions made under Section 68 for the respective assessment years, based on the decision in Ms. Mayawati. The appeals were allowed without further examination of the additions. en-us Fri, 08 Jun 2018 00:00:00 +0530 Fri, 27 Jul 2018 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362203 The Tribunal allowed the appeals of the assessee, holding that Section 68 of the Income-tax Act, 1961, could not be applied to cash deposits in bank accounts when the assessee did not maintain books of account. The Tribunal directed the Assessing Officer to delete the additions made under Section 68 for the respective assessment years, based on the decision in Ms. Mayawati. The appeals were allowed without further examination of the additions. Case-Laws Income Tax Fri, 08 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362203