https://www.taxtmi.com/caselaws?id=69429 The ITAT MADRAS-A partially allowed the Revenue's appeal. It upheld the CIT(A)'s deletion of the addition concerning the unexplained opening cash balance, affirming the assessee's discretion in cash holdings. However, the Tribunal reversed the CIT(A)'s decision on interest, supporting the AO's charging of interest under sections 234A and 234B until regular assessment. en-us Tue, 07 Dec 2004 00:00:00 +0530 Wed, 22 May 2024 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69429 The ITAT MADRAS-A partially allowed the Revenue's appeal. It upheld the CIT(A)'s deletion of the addition concerning the unexplained opening cash balance, affirming the assessee's discretion in cash holdings. However, the Tribunal reversed the CIT(A)'s decision on interest, supporting the AO's charging of interest under sections 234A and 234B until regular assessment. Case-Laws Income Tax Tue, 07 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69429