https://www.taxtmi.com/caselaws?id=388619 The ITAT allowed the appeal of the assessee, deleting the addition of Rs. 1,22,29,000/- made by the AO under Section 68 of the Income Tax Act. ITAT held that cash deposits in bank accounts, not recorded in the books of accounts, cannot be treated as unexplained cash credit under Section 68, referencing relevant case law. en-us Fri, 15 Nov 2019 00:00:00 +0530 Tue, 19 Nov 2019 13:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388619 The ITAT allowed the appeal of the assessee, deleting the addition of Rs. 1,22,29,000/- made by the AO under Section 68 of the Income Tax Act. ITAT held that cash deposits in bank accounts, not recorded in the books of accounts, cannot be treated as unexplained cash credit under Section 68, referencing relevant case law. Case-Laws Income Tax Fri, 15 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388619