https://www.taxtmi.com/caselaws?id=217735 The Tribunal upheld the deletion of the addition of unexplained cash credits totaling Rs. 96,65,438, as the loans were found to be genuine and taken through proper banking channels. Additionally, the Tribunal found that the Assessing Officer was provided with a reasonable opportunity to consider the evidence at the appellate stage, complying with Rule 46A. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the decision of the Ld. Commissioner in favor of the assessee. en-us Tue, 16 Oct 2012 00:00:00 +0530 Tue, 23 Oct 2012 22:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217735 The Tribunal upheld the deletion of the addition of unexplained cash credits totaling Rs. 96,65,438, as the loans were found to be genuine and taken through proper banking channels. Additionally, the Tribunal found that the Assessing Officer was provided with a reasonable opportunity to consider the evidence at the appellate stage, complying with Rule 46A. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the decision of the Ld. Commissioner in favor of the assessee. Case-Laws Income Tax Tue, 16 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217735