https://www.taxtmi.com/caselaws?id=119220 The Tribunal partially allowed the appeal. The addition of Rs. 16,25,000 as unexplained cash credit under Section 68 was deleted, as the assessee satisfactorily explained the nature and source of the credits with adequate evidence. The Tribunal directed the Assessing Officer (AO) to recompute the interest levied under Sections 234A and 234B, taking into account the Tribunal's findings on the primary issue. These interest-related issues were remanded to the AO for statistical purposes. en-us Fri, 12 Oct 2007 00:00:00 +0530 Thu, 01 Feb 2024 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119220 The Tribunal partially allowed the appeal. The addition of Rs. 16,25,000 as unexplained cash credit under Section 68 was deleted, as the assessee satisfactorily explained the nature and source of the credits with adequate evidence. The Tribunal directed the Assessing Officer (AO) to recompute the interest levied under Sections 234A and 234B, taking into account the Tribunal's findings on the primary issue. These interest-related issues were remanded to the AO for statistical purposes. Case-Laws Income Tax Fri, 12 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119220