Held that the assessee has filed the details of the cheque number, address and permanent account numbers, including confirmation letters from loan creditors which matched the credit in the bank account of the assessee on February 28, 2008. Addition is held to be not valid. (AY.2008-09)
Erode Annai Spinning Mills P. Ltd. v. Dy. CIT (2021) 92 ITR 37 (SN) (Chennai)(Trib.)
S. 68 : Cash credits-Creditors withdrawing and depositing in the bank account of the assessee-Addition cannot be made as cash credits.