https://www.taxtmi.com/caselaws?id=71093 The Tribunal allowed the assessee's appeal, overturning additions of Rs. 45,710 based on seized books and Rs. 1,08,818 as cash credits. The Tribunal held that the Revenue failed to prove the correctness of entries in seized books, leading to the deletion of the Rs. 45,710 addition. Additionally, previous orders supported the genuineness of the cash credits, resulting in the deletion of the Rs. 1,08,818 addition. Despite a differing opinion on the cash credits, the matter was remanded to the ITO for fresh assessment with a fair hearing opportunity for the assessee. en-us Thu, 18 Feb 1988 00:00:00 +0530 Tue, 28 Feb 2017 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71093 The Tribunal allowed the assessee's appeal, overturning additions of Rs. 45,710 based on seized books and Rs. 1,08,818 as cash credits. The Tribunal held that the Revenue failed to prove the correctness of entries in seized books, leading to the deletion of the Rs. 45,710 addition. Additionally, previous orders supported the genuineness of the cash credits, resulting in the deletion of the Rs. 1,08,818 addition. Despite a differing opinion on the cash credits, the matter was remanded to the ITO for fresh assessment with a fair hearing opportunity for the assessee. Case-Laws Income Tax Thu, 18 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71093