KASHI NATH SETH SARRAF PRIVATE LIMITED,HARDOI vs. ACIT, SITAPUR, SITAPUR

In the result, the appeal of the assessee is partly allowed for\nstatistical purposes

unexplained cash credit of the\nsame amount which was accounted in the books as sales. In this\nregard, it is worthwhile to look into section 68 which reads as\nunder:-\n68. Where any sum is found credited in the books of an assessee\nmaintained for any previous year, and the assessee offers no\nexplanation about the nature and source thereof

ACIT, RANGE-1, LUCKNOW vs. MAA RAKTDANTIKA CONTRACTORS AND SUPPLIERS PVT. LTD., LUCKNOW