Held that the amounts being loss which resulted in outgo and depletion of funds, were not amounts credited in the books of the assessee-firm and, therefore, the addition under S 68 made by the AO is not sustainable.(AY. 2013-14, 2014-15)
Shree Ganesh Commodity Brokers v. ITO (2025) 236 TTJ 826 (Delhi) Trib)
S. 68: Cash credits-Amounts not credited in the books of the assessee-loss resulted in an outgo and depletion of funds-Addition was deleted.
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