https://www.taxtmi.com/caselaws?id=302213 The Tribunal allowed the appeal, directing the Assessing Officer to delete the addition of Rs.16,60,000 as unexplained cash credits under Section 68 of the Income Tax Act. The Tribunal found that the entries were errors made by the accountant and that the assets recorded were not acquired during the relevant assessment year. It was concluded that the addition was not justified as the cash credit was related to assets owned by the assessee and not actual cash introduced during the assessment year. en-us Tue, 12 Feb 2019 00:00:00 +0530 Wed, 11 May 2022 08:32:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302213 The Tribunal allowed the appeal, directing the Assessing Officer to delete the addition of Rs.16,60,000 as unexplained cash credits under Section 68 of the Income Tax Act. The Tribunal found that the entries were errors made by the accountant and that the assets recorded were not acquired during the relevant assessment year. It was concluded that the addition was not justified as the cash credit was related to assets owned by the assessee and not actual cash introduced during the assessment year. Case-Laws Income Tax Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302213