https://www.taxtmi.com/caselaws?id=66074 The Tribunal partly allowed the appeals for assessment years 1982-83 and 1983-84, upholding some additions made by the Assessing Officer while remanding certain issues for further verification. It emphasized the significance of corroborative evidence and consistency in statements to establish the genuineness of cash credits and related transactions. The Tribunal rejected certain cash credits due to discrepancies and lack of supporting evidence, adding unexplained income for unexplained cash and investments. It also found that interest claimed on cash credits was unsubstantiated. The Tribunal held that the absence of cross-examination did not violate principles of natural justice when the assessee failed to discharge the onus of proving genuineness. en-us Mon, 22 Nov 1993 00:00:00 +0530 Mon, 21 Feb 2011 12:51:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66074 The Tribunal partly allowed the appeals for assessment years 1982-83 and 1983-84, upholding some additions made by the Assessing Officer while remanding certain issues for further verification. It emphasized the significance of corroborative evidence and consistency in statements to establish the genuineness of cash credits and related transactions. The Tribunal rejected certain cash credits due to discrepancies and lack of supporting evidence, adding unexplained income for unexplained cash and investments. It also found that interest claimed on cash credits was unsubstantiated. The Tribunal held that the absence of cross-examination did not violate principles of natural justice when the assessee failed to discharge the onus of proving genuineness. Case-Laws Income Tax Mon, 22 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66074