https://www.taxtmi.com/caselaws?id=418173 The Tribunal allowed the appeal, quashing the assessment order and deleting the addition made by the AO under Section 68 of the Income Tax Act. The Tribunal held that a bank account cannot be considered "books of account," supporting this view with relevant judicial decisions. Other issues raised were not addressed specifically as the primary ground for quashing the assessment was the improper application of Section 68. en-us Fri, 24 Dec 2021 00:00:00 +0530 Thu, 10 Feb 2022 08:55:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418173 The Tribunal allowed the appeal, quashing the assessment order and deleting the addition made by the AO under Section 68 of the Income Tax Act. The Tribunal held that a bank account cannot be considered "books of account," supporting this view with relevant judicial decisions. Other issues raised were not addressed specifically as the primary ground for quashing the assessment was the improper application of Section 68. Case-Laws Income Tax Fri, 24 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418173