https://www.taxtmi.com/caselaws?id=238615 The Tribunal partly allowed the Assessee's appeals for the assessment years 2006-07 and 2008-09, directing the deletion of additions for unexplained cash credits in 2008-09 and restoring the matter for further examination of expenses disallowance. The Tribunal emphasized the importance of verifying transactions' genuineness and timing of accounting entries, highlighting the permissibility of passing entries post-year-end if reflecting actual conditions. The case outcome favored the Assessee on specific issues, underscoring the need for detailed examination in assessing claims under the Income Tax Act. en-us Fri, 20 Sep 2013 00:00:00 +0530 Mon, 28 Oct 2013 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238615 The Tribunal partly allowed the Assessee's appeals for the assessment years 2006-07 and 2008-09, directing the deletion of additions for unexplained cash credits in 2008-09 and restoring the matter for further examination of expenses disallowance. The Tribunal emphasized the importance of verifying transactions' genuineness and timing of accounting entries, highlighting the permissibility of passing entries post-year-end if reflecting actual conditions. The case outcome favored the Assessee on specific issues, underscoring the need for detailed examination in assessing claims under the Income Tax Act. Case-Laws Income Tax Fri, 20 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238615