No invocation of sec 68 if assessee filed ITR u/s 44AD without maintaining books of account

Narendra Chandubhai Rafaliya Vs ITO (ITAT Ahmedabad)

Conclusion: Existence of books of account maintained by assessee was a condition precedent for making addition under section 68. Where assessee had not maintained books of account, there was no legal scope to invoke provisions of section 68 and as such, addition made on such premise was to be deleted.

Held: Assessee-individual engaged in the business of carrying out job of work of power coating. He decla

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