Director was an authorised agent of NDMC for collecting electricity and water charges from customers-Company was remitting less amount to NDMC by resorting to fraud. Addition cannot be made in the hands of director. (AY. 1997 -98)
Awanindra Singh v. DCIT (2019) 176 ITD 355/ 180 DTR 17 (Delhi)(Trib.)
S. 69A : Unexplained money-Misappropriation of cash -Director – Authorised agent of company-No addition can be made in the hands of the director.