Income Tax Addition u/s 68 not valid when assessee does not maintain any Books of Account: ITAT [Read Order]

Income - Tax - Addition - assessee - maintain - Books - Account - ITAT - TAXSCAN

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the Income Tax Addition under section 68 of the Income Tax Act,1961 is not valid when the assessee does not maintain any books of account. The Assessing Officer during the course of assessment proceedings noted that as per written Page No 7…

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