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 .

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)