Harish Sharma v. ITO (2022) 215 TTJ 267 (Chd)(Trib)

S.115BBE : Tax on specified income-Cash credits-Collection found recorded in notebook pertaining to business-Directed to be treated as business income and not as cash credits [S. 68, 69 69A, 69B]

Held that the asseessee   explained the nature and source of the  amount found recorded in a note book that the entries in the said memo pertained to his business concern, the said amount could not be treated  as undisclosed income under  S. 68 and the tax liability could not be computed under  the provisions of  S.  115BBE of the Act. (AY. 2017-18)