No addition u/s 68 as taxpayer did not maintain books of accounts

Ishtiaq Ahmad Rather Vs ITO (ITAT Amritsar)

Conclusion: Addition of cash deposit under section 68 was not justified as the same could only be invoked if the taxpayer maintained books of accounts and assessee filed an income tax return under Section 44AD which did not require books of accounts.

Held: APlease become a Premium member. If you are already a Premium member, login here to access the full content.