S. 68 : Cash credits-Exchange of demand drafts for cash to customers from North India to be used for local purchases-Banking facilities not available-Income offered at 8 Per Cent. profit treating value of demand drafts as sales-Order of CIT(A) is affirmed.

S. 68 : Cash credits-Shares at premium-Identity, genuineness and creditworthiness established-Tangible fixed assets to substantiate premium-Deletion of addition is valid.

S. 68 : Cash credits-Share premium and application money-Confirmations filed-Addition is not justified. [S. 133(6)]

S. 68 : Cash credits-Confirmations not produced-Regular suppliers-Running accounts-Addition is not justified.

S. 68 : Cash credits-Share capital-Share premium-Filed documentary evidences-Parties replied in response to notice u/s 133(6)-Deletion of addition was affirmed-Survey-Calculation mistakes while valuing the stock in trade-Stock reconciled-Addition was deleted. [S. 133(6), 133A]

S. 68 : Cash credits-Unsecured Loans-Repayment of loan established-Credit entries cannot be looked into in isolation ignoring debit entries.

S. 68 : Cash credits-Acting as agent facilitating purchase of land from Farmers-Addition cannot be made as undisclosed income.

S. 68 : Cash credits-Cash deposits in bank account-Cash deposited from earlier withdrawals-Peak addition-Order of CIT(A) is affirmed.

S. 68 : Cash credits-Share application money-Additional evidence produced before the Appellate Tribunal-Matter remanded. [S. 41(1), 254(1)]

S. 68 : Cash credits-Unsecured loans-Not providing supporting documents-Peak addition is held to be justified.