https://www.taxtmi.com/caselaws?id=466419 Section 68 could not be applied because the credit entries were found only in a bank passbook, which is not the assessee's books of account; where income is returned under section 44AD and no books are required to be maintained, the statutory condition for an addition under section 68 is absent, so the addition was deleted. Claims for deduction under sections 80C and 80D were not properly examined on the supporting material, so those issues were restored to the Assessing Officer for fresh verification with an opportunity to furnish evidence, resulting in partial relief to the assessee. en-us Fri, 28 Feb 2025 00:00:00 +0530 Fri, 06 Feb 2026 19:24:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466419 Section 68 could not be applied because the credit entries were found only in a bank passbook, which is not the assessee's books of account; where income is returned under section 44AD and no books are required to be maintained, the statutory condition for an addition under section 68 is absent, so the addition was deleted. Claims for deduction under sections 80C and 80D were not properly examined on the supporting material, so those issues were restored to the Assessing Officer for fresh verification with an opportunity to furnish evidence, resulting in partial relief to the assessee. Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466419