https://www.taxtmi.com/caselaws?id=219113 The Tribunal upheld the validity of the notices issued under Section 148 and Section 143(2) and reversed the deletion of the addition of Rs. 14.45 lakh made under Section 68 for unexplained credits. The AO's detailed investigation and reliance on the pattern of transactions in the bank accounts were deemed sufficient to support the addition. The revenue's appeal was allowed, and the cross-objection of the assessee was dismissed. en-us Fri, 27 Apr 2012 00:00:00 +0530 Tue, 05 Apr 2016 13:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219113 The Tribunal upheld the validity of the notices issued under Section 148 and Section 143(2) and reversed the deletion of the addition of Rs. 14.45 lakh made under Section 68 for unexplained credits. The AO's detailed investigation and reliance on the pattern of transactions in the bank accounts were deemed sufficient to support the addition. The revenue's appeal was allowed, and the cross-objection of the assessee was dismissed. Case-Laws Income Tax Fri, 27 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219113