Bank statements aren't books maintained by assessee; no sec. 68 additions on credit found in it

IT : Mere bank statement which is issued by bank to its client/account holder can't be elevated to status of books maintained by assessee within meaning of section 2 clause 12A and section 44AA . Further, credit in bank account simply or any other raw information available to Assessing Officer can't be loosely called as books of account under section 68. Therefore, invocation of section 68 sans valid and proper books of account of assessee was invalid

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