Held that when the investment was made in earlier years and sale was made during the year addition cannot be made as cash credits. Followed CIT v. Kabul Chawla (2016) 380 ITR 573 (Delhi)(HC) (AY. 2005-06, 2006-07)
USG Buildwell Pvt. Ltd. v. Add. CIT (2021) 87 ITR 151 (Delhi)(Trib.)
S. 68 : Cash credits-Investment in earlier years-Selling during the year-Addition cannot be made. [S. 132]