https://www.taxtmi.com/caselaws?id=216348 The Tribunal allowed the Department's appeal, restoring the matter to the Assessing Officer for a denovo assessment. The decision emphasized compliance with Rule 46A and proper verification of share application money received by the assessee, stressing the importance of adhering to procedural requirements and thorough verification in cases involving unexplained cash credits under Section 68 of the Income Tax Act, 1961. en-us Fri, 20 Jul 2012 00:00:00 +0530 Thu, 06 Sep 2012 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216348 The Tribunal allowed the Department's appeal, restoring the matter to the Assessing Officer for a denovo assessment. The decision emphasized compliance with Rule 46A and proper verification of share application money received by the assessee, stressing the importance of adhering to procedural requirements and thorough verification in cases involving unexplained cash credits under Section 68 of the Income Tax Act, 1961. Case-Laws Income Tax Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216348