https://www.taxtmi.com/caselaws?id=68596 The Tribunal remanded the issue of the validity of reassessment proceedings under sections 147/148 of the IT Act back to the CIT(A) for fresh consideration. Regarding the addition of Rs. 75,000, the Tribunal deleted this amount as the appellant's request to summon the creditor and evidence of repayment through cheques were deemed sufficient. However, the addition of Rs. 19,000 paid in cash was upheld due to insufficient evidence. Overall, the appeal was partly allowed, with the deletion of Rs. 75,000 and the upholding of Rs. 19,000 addition. en-us Mon, 13 Dec 2004 00:00:00 +0530 Thu, 31 Mar 2011 12:30:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68596 The Tribunal remanded the issue of the validity of reassessment proceedings under sections 147/148 of the IT Act back to the CIT(A) for fresh consideration. Regarding the addition of Rs. 75,000, the Tribunal deleted this amount as the appellant's request to summon the creditor and evidence of repayment through cheques were deemed sufficient. However, the addition of Rs. 19,000 paid in cash was upheld due to insufficient evidence. Overall, the appeal was partly allowed, with the deletion of Rs. 75,000 and the upholding of Rs. 19,000 addition. Case-Laws Income Tax Mon, 13 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68596