Section 68 Case: No Cash Exchanged, No Unexplained Credit Entry Needed in Cash Book.

Unexplained cash credit u/s 68 - When the cash did not pass at any stage and since the respective parties did not receive cash nor did pay any cash, there was no real credit of cash in the cash book and the question of inclusion of the amount of the entry as unexplained cash credit could not arise. .....

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