https://www.taxtmi.com/caselaws?id=234801 The ITAT upheld the CIT(A)'s decision to annul the assessment order due to non-receipt of notice u/s 143(2) and dismissed the revenue's appeal on adding Rs. 28,00,000/- for unexplained cash credits. The case highlighted the necessity of proving creditworthiness of lenders and providing adequate documentation for transactions, emphasizing the importance of establishing the legitimacy of funds sources. en-us Fri, 21 Jun 2013 00:00:00 +0530 Fri, 28 Jun 2013 05:30:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234801 The ITAT upheld the CIT(A)'s decision to annul the assessment order due to non-receipt of notice u/s 143(2) and dismissed the revenue's appeal on adding Rs. 28,00,000/- for unexplained cash credits. The case highlighted the necessity of proving creditworthiness of lenders and providing adequate documentation for transactions, emphasizing the importance of establishing the legitimacy of funds sources. Case-Laws Income Tax Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234801