https://www.taxtmi.com/highlights?id=73502 Unexplained cash credit u/s. 68 r.w.s. 115BBE - Co-ordinate Benches of the Tribunal have held that any sum found credited in bank passbook could not be treated as an unexplained cash credit under section 68 of the Act, since the bank account of the assessee is not considered as part and parcel of the books of accounts. Thus the addition made by the Assessing Officer was deleted. - Claim of agriculture income sustained - Addition u/s 68 deleted - AT en-us Sat, 09 Dec 2023 13:17:00 +0530 Sat, 09 Dec 2023 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73502 Unexplained cash credit u/s. 68 r.w.s. 115BBE - Co-ordinate Benches of the Tribunal have held that any sum found credited in bank passbook could not be treated as an unexplained cash credit under section 68 of the Act, since the bank account of the assessee is not considered as part and parcel of the books of accounts. Thus the addition made by the Assessing Officer was deleted. - Claim of agriculture income sustained - Addition u/s 68 deleted - AT Highlights Income Tax Sat, 09 Dec 2023 13:17:00 +0530 https://www.taxtmi.com/highlights?id=73502