Dcit Cce-8(2),Mumbai, Mumbai vs Mentor Capital Limited, Mumbai on 24 April, 2026
Again, the Delhi ITAT in the case of Mahaveer Prasad vs. ITO 40 taxman
35 (Del Trib) (Tax Magazine) held that amounts found in the books of accounts
of the assessee were in existence much prior to the beginning of the accounting
period and therefore the same cannot be treated as income of the assessee
during the relevant previous year.