S. 68 : Cash credits-Money deposited in assessee’s bank account-Explanation was furnished-Addition was not justified.

S. 68 : Cash credits-Sale of Pharmaceutical products-Demonetisation-Cash deposits-Books of account not rejected-Sales not doubted-Addition is held to be not valid.

S. 68 : Cash credits-Share application moneys-Common directors-Detailed particulars of investors, their addresses, Permanent Account Numbers and amounts invested-Deletion of addition is justified.

S. 68 : Cash credits-Loans not taken during the year-Not taxable as cash credit.

S. 68 : Cash credits-Cash deposits-Cash received from customers-Demonetisation-Explained the source-Addition was deleted-Donation-Receipts produced-Matter remanded. [S.80G]

S. 68 : Cash credits-Construction business-Cash received from seventeen persons-Booking cancelled cash refunded-Mere submission of Aadhaar and Permanent Account Number Card is not sufficient-Addition is justified-Amount received by cheque-Finishing work done in subsequent year-Matter remanded for verification.

S. 68 : Cash credits-Share application money-Identity, creditworthiness of investors and genuineness of transactions established-Refund of share application money to one investor overlooked-Addition is not justified. [S. 133(6)]

S. 41(1) : Profits chargeable to tax-Remission or cessation of trading liability-Pre-payment of liability under Sales Tax Defferal Scheme-Deletion of addition is held to be justified.

S. 68 : Cash credits-Share application money-Failure by share applicants to appear for inquiry in response to summons-Summons not served on some others-Addition is affirmed [S. 131]

S. 68 : Cash credits-Undisclosed source-Cash deposit in bank-Withdrawal from the Account of the wife-Source and purpose was explained-Addition was deleted. [S. 69]