Term ‘any sum’ referred to in sec. 68 doesn’t contemplate - TopicsExpress



          

Term ‘any sum’ referred to in sec. 68 doesn’t contemplate ad-hoc addition of sums not credited in books Section 68 - Whether expression any sum as appearing in section 68 refers to an specific amount and nothing more and, thus, any amount other than one found credited in books of account cannot be estimated and charged to tax. Held, yes [In favour of assessee] D.C. Rastogi vs CIT [ Delhi High Court]
Posted on: Tue, 15 Jul 2014 05:28:31 +0000

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