Mere Possession of Bank Passbook not to be treated as Books of Accounts: ITAT [Read Order]

possession of bank passbook - bank passbook - ITAT - Books of Accounts - Income Tax - Taxscan

The case of the assessee was reopened u/s 148 on the basis of the AIR information that the assessee had deposited cash to the tune of Rs. 10,46,000/- in his ICICI Bank Account. The assessment was completed under section 147 r.w.s 144 of the Act, with an addition of Rs. 7,37,948/- by taking into consideration…

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