Held that the purchase of the shares or the source of payments, for purchase of these shares have not been doubted by the AO; the advances/sale proceeds against the sale of these shares were duly credited in the profit and loss account and profits therefrom offered in the income declared, and therefore these receipts do not constitute ‘cash credits’ within the meaning of section 68. The transactions involved with regard to the sale of shares were through banking channels and in spite of collating the bank accounts of various persons related to the source of payments, the AO has not brought on record any material to further his contention. (AY. 13-14)