https://www.taxtmi.com/caselaws?id=64337 The Tribunal set aside the CIT(A)'s order, remanding the case to the AO for fresh adjudication. The assessee failed to discharge the onus of proving the cash credit by not producing the creditor or evidence of efforts to do so. The AO was instructed to re-examine the issue, considering the Tribunal's guidelines, and to afford the assessee an opportunity to prove its case. If the assessee demonstrates all possible efforts to produce the creditor, the AO should use his powers under Section 131 of the IT Act and the CPC to enforce attendance. The Revenue's appeal was allowed for statistical purposes. en-us Thu, 19 Jan 2006 00:00:00 +0530 Wed, 03 Apr 2024 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64337 The Tribunal set aside the CIT(A)'s order, remanding the case to the AO for fresh adjudication. The assessee failed to discharge the onus of proving the cash credit by not producing the creditor or evidence of efforts to do so. The AO was instructed to re-examine the issue, considering the Tribunal's guidelines, and to afford the assessee an opportunity to prove its case. If the assessee demonstrates all possible efforts to produce the creditor, the AO should use his powers under Section 131 of the IT Act and the CPC to enforce attendance. The Revenue's appeal was allowed for statistical purposes. Case-Laws Income Tax Thu, 19 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64337