https://www.taxtmi.com/caselaws?id=326390 The tribunal allowed the appeal for statistical purposes, granting the appellant a chance to substantiate creditor details and directing reassessment based on clarified issues. The decision emphasized justice and compliance with legal provisions, addressing discrepancies related to undisclosed income and transactions under Section 68 of the Income Tax Act. The appellant was instructed to provide further evidence to meet Section 68 requirements, clarify applicability to purchases, and determine the correct assessment year for the purchases in question. en-us Fri, 04 Mar 2016 00:00:00 +0530 Wed, 13 Apr 2016 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326390 The tribunal allowed the appeal for statistical purposes, granting the appellant a chance to substantiate creditor details and directing reassessment based on clarified issues. The decision emphasized justice and compliance with legal provisions, addressing discrepancies related to undisclosed income and transactions under Section 68 of the Income Tax Act. The appellant was instructed to provide further evidence to meet Section 68 requirements, clarify applicability to purchases, and determine the correct assessment year for the purchases in question. Case-Laws Income Tax Fri, 04 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326390