https://www.taxtmi.com/highlights?id=74007 Additions u/s 68 - Unexplained Cash credit found in the bank account - The provisions of s. 68 & 69 use the word may indicating discretion conferred upon the AO by the statute, who is supposed to use such discretion judiciously and is not obliged always to make an addition - the saving of a meager Rs 2,50,000/- is not beyond the pre-ponderance of human probability so as to be disbelieved. - Additions deleted - AT en-us Sat, 06 Jan 2024 07:38:04 +0530 Sat, 06 Jan 2024 07:38:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74007 Additions u/s 68 - Unexplained Cash credit found in the bank account - The provisions of s. 68 & 69 use the word may indicating discretion conferred upon the AO by the statute, who is supposed to use such discretion judiciously and is not obliged always to make an addition - the saving of a meager Rs 2,50,000/- is not beyond the pre-ponderance of human probability so as to be disbelieved. - Additions deleted - AT Highlights Income Tax Sat, 06 Jan 2024 07:38:04 +0530 https://www.taxtmi.com/highlights?id=74007