- (1.) IN the course of the assessment proceedings for the assessment year 1967-68, relevant to the accounting period ending on March 31, 1967, the ITO found the following cash credits in the account books of the assessee : Sr. No. Name of the party Amou nt Date of receipt Date of return Rs. 1. M/s. Pratap Singh 20,00 0 2-6-66 30-1-6 7 Surbir Singh
(2.) M/s. Chandi Ram 15,00 0 7-11-6 6 4-2-67 Jagdish Lal
(3.) M/s. Didar Singh 30,00 0 11-1166 8-3-67 Charan Singh;