https://www.taxtmi.com/caselaws?id=176259 The Tribunal ruled in favor of the assessee by deleting the additions made under section 68 as unexplained cash credit. It directed the Assessing Officer to reconsider the issue for all four years. Additionally, the Tribunal found that the Revenue failed to prove the applicability of section 44AF to the assessee, as the assessee held a wholesale trade license and documentation supporting wholesale trade. The appeal was dismissed as no substantial question of law was identified in the issues raised. en-us Mon, 22 Aug 2005 00:00:00 +0530 Fri, 18 Dec 2015 11:37:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176259 The Tribunal ruled in favor of the assessee by deleting the additions made under section 68 as unexplained cash credit. It directed the Assessing Officer to reconsider the issue for all four years. Additionally, the Tribunal found that the Revenue failed to prove the applicability of section 44AF to the assessee, as the assessee held a wholesale trade license and documentation supporting wholesale trade. The appeal was dismissed as no substantial question of law was identified in the issues raised. Case-Laws Income Tax Mon, 22 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176259