Ignoring debit side entries, entire amount of credit entries cannot be added to taxable income 

Ajay Kumar Aggarwal Vs ACIT (ITAT Delhi)

On careful consideration of rival submission first of all we note that the Assessing Officer is firstly made addition in the hands of assessee by treating the credit entries in the books of assessee but at the same time the AO ignored debit entries made by the assessee in his books of accounts. The proceeding against the assessee was triggered on account of search and seizure operation in the cases of BSBK Group including the assessee and all the relevant material and details of beneficiary was with the assessee

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