https://www.taxtmi.com/caselaws?id=212044 The High Court upheld the Commissioner of Income Tax's order from 1997, quashing the Income Tax Appellate Tribunal's decision in 1999. The court found that the Assessing Officer did not apply a judicious mind in adding unexplained cash credits under Section 68, leading to their deletion by the CIT(A). The court emphasized the importance of proper inquiries and verification by the Assessing Officer, ultimately dismissing the appeal for lack of merit. en-us Tue, 14 Feb 2012 00:00:00 +0530 Wed, 11 Apr 2012 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212044 The High Court upheld the Commissioner of Income Tax's order from 1997, quashing the Income Tax Appellate Tribunal's decision in 1999. The court found that the Assessing Officer did not apply a judicious mind in adding unexplained cash credits under Section 68, leading to their deletion by the CIT(A). The court emphasized the importance of proper inquiries and verification by the Assessing Officer, ultimately dismissing the appeal for lack of merit. Case-Laws Income Tax Tue, 14 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212044