https://www.taxtmi.com/caselaws?id=285932 The Tribunal allowed the appeal, ruling that the addition under Section 68 of the Income Tax Act was unjustified as the assessee provided a plausible explanation for cash deposits, and a bank passbook cannot be considered a book of accounts for Section 68 purposes. Therefore, the addition made by the Assessing Officer was deleted. en-us Fri, 28 Apr 2017 00:00:00 +0530 Tue, 04 Feb 2020 08:18:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285932 The Tribunal allowed the appeal, ruling that the addition under Section 68 of the Income Tax Act was unjustified as the assessee provided a plausible explanation for cash deposits, and a bank passbook cannot be considered a book of accounts for Section 68 purposes. Therefore, the addition made by the Assessing Officer was deleted. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285932