https://www.taxtmi.com/caselaws?id=28238 The High Court analyzed the interpretation of Section 68 of the Income-tax Act, 1961, regarding cash credits and undisclosed income. Emphasizing the substantive nature of Section 68 as a charging provision, the Court ruled in favor of the assessee, holding that Section 68 did not apply in this case. The disputed income addition of Rs. 15,521 was deleted, affirming the Tribunal's decision and awarding costs to the assessee. en-us Tue, 14 Dec 1982 00:00:00 +0530 Fri, 19 Feb 2010 18:22:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28238 The High Court analyzed the interpretation of Section 68 of the Income-tax Act, 1961, regarding cash credits and undisclosed income. Emphasizing the substantive nature of Section 68 as a charging provision, the Court ruled in favor of the assessee, holding that Section 68 did not apply in this case. The disputed income addition of Rs. 15,521 was deleted, affirming the Tribunal's decision and awarding costs to the assessee. Case-Laws Income Tax Tue, 14 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28238