The assessee in this case is a cooperative credit society that provides credit facilities and accepts deposits from its members. The society argued that since it is a cooperative credit society, it could not be held responsible for the creditworthiness of its members who deposited the cash. Bhagur Urban Credit Co-operative Society Ltd., the ITAT Pune bench concluded that the addition of Rs. In this case, assessee is a Co-operative Society and it has accepted all the deposits from its members. Bhagur Urban Credit Co-operative Society Ltd., in ITA No.561/PUN/2022, it is held that addition made by AO under section 68 are not maintainable.