https://www.taxtmi.com/caselaws?id=401222 The Tribunal allowed the appeal and cross objection filed by the assessee, dismissing the appeal of the Revenue. It concluded that the AO cannot add under Section 68 for cash deposits in a bank account, as it is not a book of account. The addition of Rs. 74,91,800/- was deleted, deeming the entire addition made by the AO unsustainable. en-us Mon, 23 Nov 2020 00:00:00 +0530 Mon, 30 Nov 2020 19:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401222 The Tribunal allowed the appeal and cross objection filed by the assessee, dismissing the appeal of the Revenue. It concluded that the AO cannot add under Section 68 for cash deposits in a bank account, as it is not a book of account. The addition of Rs. 74,91,800/- was deleted, deeming the entire addition made by the AO unsustainable. Case-Laws Income Tax Mon, 23 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401222