Madhya Pradesh HC upholds Deletion of Addition u/s 68 of Income Tax Act in absence of Substantial Question

The Madhya Pradesh High Court upheld the deletion of additions made under Section 68 of the Income Tax Act, 1961. The case involved unexplained credits in the taxpayer’s account, and the court ruled that no substantial question of law was raised. This decision reinforces the principle that merely having unexplained credits in financial records does not warrant additions unless clear evidence supports it. The court stressed that substantial questions of law must be present to challenge such deletions.