Tribunal held that , confirmations and Ledger account of creditors prima facie showing that balances came from earlier years . Balance-sheet for preceding year and earlier years not on record hence the matter remanded stating that if credits in books of account pertain to earlier year addition could not be made in instant year . Assessing Officer is directed to decide material brought on record . ( AY.2014-15)
Virendra Verma v. ITO (2020) 81 ITR 16 (SN) ( Delhi) (Trib)
S.68: Cash credits — Balances from earlier years – Matter remanded to the Assessing Officer .