TMI BlogUnexplained cash credit - addition of cash deposit in bank account - It is important to mention here...Unexplained cash credit - addition of cash deposit in bank account - It is important to mention here that the bank statements cannot be termed as books of accounts for the purposes of Sec. 68 - Also as found from perusal of the record that in the subsequent assessment years such cash deposits in the same bank account has been treated as sales executed through the assessee on which the assessee has earned commission income @ 7.5% on sale - A.O. as well as ld. CIT(A) have not specifically mentione..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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