https://www.taxtmi.com/caselaws?id=25206 Section 68 applies only where a credit appears in the assessee's own books of account. A partnership firm is a separate assessable entity from its individual partners; therefore, an entry recorded solely in the firm's books cannot be treated as a partner's book entry where the partner maintains no separate accounts. Cash credits in the firm's accounts cannot consequently be assessed as the individual partner's income under Section 68. Any tax treatment must instead be considered under the provisions governing unexplained investments or entries in the firm's accounts, including Section 69 where applicable. en-us Mon, 05 Oct 1987 00:00:00 +0530 Fri, 16 Jan 2026 10:22:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25206 Section 68 applies only where a credit appears in the assessee's own books of account. A partnership firm is a separate assessable entity from its individual partners; therefore, an entry recorded solely in the firm's books cannot be treated as a partner's book entry where the partner maintains no separate accounts. Cash credits in the firm's accounts cannot consequently be assessed as the individual partner's income under Section 68. Any tax treatment must instead be considered under the provisions governing unexplained investments or entries in the firm's accounts, including Section 69 where applicable. Case-Laws Income Tax Mon, 05 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25206