No sec. 68 additions on basis of credit found in bank account of assessee: Delhi ITAT

IT : 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. Invocation of section 68 sans valid and proper books of account of assessee is invalid and accordingly addition made by Assessing Officer as sustained by Commissioner(Appeals) based on same was incorrect and had to be reversed

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