https://www.taxtmi.com/caselaws?id=215374 The Tribunal upheld the legality of the re-assessment proceedings and confirmed the addition under Section 41(1) of the I.T. Act. It directed the deletion of the addition under Section 68 for unexplained credit and remanded the issue of unexplained credit of Rs. 1 lakh for further examination. The appeals were partly allowed for statistical purposes. en-us Thu, 31 May 2012 00:00:00 +0530 Thu, 26 Jul 2012 08:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215374 The Tribunal upheld the legality of the re-assessment proceedings and confirmed the addition under Section 41(1) of the I.T. Act. It directed the deletion of the addition under Section 68 for unexplained credit and remanded the issue of unexplained credit of Rs. 1 lakh for further examination. The appeals were partly allowed for statistical purposes. Case-Laws Income Tax Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215374