https://www.taxtmi.com/caselaws?id=68661 The Tribunal held that the reference to the Valuation Cell by the AO was invalid, and the addition of Rs. 2,50,823 on account of assumed cost of acquisition was deleted. Regarding the addition of Rs. 36,870 made under section 68 of the Act for cash credits from two parties, the Tribunal upheld the addition as the assessee failed to establish the necessary conditions under section 68. The appeal was partly allowed, sustaining the addition under section 68. en-us Fri, 31 Aug 2007 00:00:00 +0530 Fri, 14 Jun 2013 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68661 The Tribunal held that the reference to the Valuation Cell by the AO was invalid, and the addition of Rs. 2,50,823 on account of assumed cost of acquisition was deleted. Regarding the addition of Rs. 36,870 made under section 68 of the Act for cash credits from two parties, the Tribunal upheld the addition as the assessee failed to establish the necessary conditions under section 68. The appeal was partly allowed, sustaining the addition under section 68. Case-Laws Income Tax Fri, 31 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68661