https://www.taxtmi.com/caselaws?id=120409 The Tribunal remitted the case back to the Assessing Officer due to improper application of section 68 of the Income-tax Act. It was found that the revenue authorities did not adequately investigate the nature and source of credit entries, and the assessee was not given a fair chance to explain or cross-examine witnesses. The AO was instructed to re-examine the case, provide a reasonable opportunity to the assessee, and address the violation of natural justice. The appeal was allowed for statistical purposes. en-us Fri, 12 Sep 2008 00:00:00 +0530 Thu, 19 Jul 2012 11:38:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120409 The Tribunal remitted the case back to the Assessing Officer due to improper application of section 68 of the Income-tax Act. It was found that the revenue authorities did not adequately investigate the nature and source of credit entries, and the assessee was not given a fair chance to explain or cross-examine witnesses. The AO was instructed to re-examine the case, provide a reasonable opportunity to the assessee, and address the violation of natural justice. The appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 12 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120409