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No addition u/s 68 etc can be made on the strength of suspicion so that the High Court in reading out the scope of section 68 in [2022] 441 ITR 123 (Guj) held that the reference to books of account in section 68 is meant to regular books of account maintained in the ordinary course of business and not to transactions on loose papers or the cash vouchers made for such loose papers or for that matter their entry in day books that are not forming part of the regular books of account maintained in ordinary course.
This has been a search case where we often counter papers seized all of which may have no bearing to entries in the regular books so that the charged person can escape any addition if such papers are not found accompanied with legally supporting documents.

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