ITAT Holds Notional Book Entry Without Actual Fund Inflow Cannot be Taxed as Unexplained Cash Credit Under Section 68:
The ITAT Ahmedabad has held that Section 68 applies only where there is a real inflow of money and not a mere accounting adjustment.
ITAT Deletes Rs 25 Crore Addition
Saima
Jul 25, 2026Premium
ITAT Holds Notional Book Entry Without Actual Fund Inflow Cannot be Taxed as Unexplained Cash Credit Under Section 68
The ITAT Ahmedabad has held that Section 68 applies only where there is a real inflow of money and not a mere accounting adjustment.
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About Author
Saima
Content Writer
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
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