https://www.taxtmi.com/caselaws?id=61626 The Tribunal concluded that no addition was required under section 68 of the Income-tax Act for unproved cash credits. It emphasized the discretionary power of the Assessing Officer not to make an addition if circumstances warrant. The Tribunal found the assessee had been adequately taxed and that the credits would have been proven with a fair opportunity. Relying on precedent, the addition of Rs. 50,000 was deleted, and the assessee's appeal was allowed. en-us Thu, 28 Feb 2002 00:00:00 +0530 Fri, 11 Mar 2016 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61626 The Tribunal concluded that no addition was required under section 68 of the Income-tax Act for unproved cash credits. It emphasized the discretionary power of the Assessing Officer not to make an addition if circumstances warrant. The Tribunal found the assessee had been adequately taxed and that the credits would have been proven with a fair opportunity. Relying on precedent, the addition of Rs. 50,000 was deleted, and the assessee's appeal was allowed. Case-Laws Income Tax Thu, 28 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61626