https://www.taxtmi.com/caselaws?id=252297 The Tribunal allowed the assessee's appeal, ruling that the initiation of assessment proceedings under section 147 was unlawful as there was no failure on the part of the assessee to disclose all material facts necessary for assessment. Consequently, the Tribunal did not address the merits of the addition of Rs. 7,50,000 as unexplained cash credit under section 68 or the levy of interest under section 234B. en-us Wed, 03 Sep 2014 00:00:00 +0530 Fri, 17 Oct 2014 07:50:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252297 The Tribunal allowed the assessee's appeal, ruling that the initiation of assessment proceedings under section 147 was unlawful as there was no failure on the part of the assessee to disclose all material facts necessary for assessment. Consequently, the Tribunal did not address the merits of the addition of Rs. 7,50,000 as unexplained cash credit under section 68 or the levy of interest under section 234B. Case-Laws Income Tax Wed, 03 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252297