Addition U/s 68 cannot be made if assessee not maintain any books of Accounts

Smt. Babbal Bhatia Vs ITO (ITAT Delhi)

An addition u/s 68 of the Act can only be made where any sum is credited in the books of the assessee maintained for any previous year. Thus, the very sine qua non for making of an addition u/s 68 of the Act presupposes a credit of the amount in the books of the assessee. We are not being oblivious of the settled position of law that the statutory provision has to be strictly construed and interpreted as per its plain literal interpretation and no word howsoever meaningful it may so appear can be a

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