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2017 (12) TMI 1055 - AT - Income TaxAddition u/s 68 - reopening of assessment - AIR information that the assessee had deposited cash in the Savings Bank account with Bank of India during the year - Held that:- It has been held by various courts of law that cash credited in the bank book is not a book maintained by the assessee and the same cannot be treated as income u/s 68 of the Act. Assessing Officer does not get jurisdiction to assess the said deposit of the amount in the bank as income of the assessee u/s 68 of the Act. In that view of the matter, the addition so made by the Assessing Officer and confirmed by the ld. CIT(A) is directed to be deleted. Accordingly, the legal grounds raised by the assessee are allowed.
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