Provisions of section 68 inapplicable in absence of maintenance of any books of accounts

Sh. Satbir Singh Bhullar Vs ITO (ITAT Amritsar) ITAT Amritsar held that provisions of section 68 of the Income Tax Act is inapplicable as assessee does not maintain any books of accounts. Mere possession of pass book cannot be treated as books of accounts. Accordingly, addition u/s 68 unsustainable. Facts- The appellant is an agriculturist and has been declaring agriculture income consistently in the returns of income filed on year-to-year basis. The assessee owns more than 20 acres of land individually and jointly with his family at village Bhangala. The appellant had not filed return of inco...