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)
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]