https://www.taxtmi.com/caselaws?id=333301 The Revenue's appeal challenging the deletion of unexplained cash credits under Section 68 of the Income Tax Act was partly allowed. The Tribunal upheld the restriction of depreciation on machinery to 50% due to its limited use during the relevant year. The matter of unexplained cash credits was sent back to the Assessing Officer for further investigation. The decision was made on August 12, 2016. en-us Fri, 12 Aug 2016 00:00:00 +0530 Sat, 08 Oct 2016 14:41:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333301 The Revenue's appeal challenging the deletion of unexplained cash credits under Section 68 of the Income Tax Act was partly allowed. The Tribunal upheld the restriction of depreciation on machinery to 50% due to its limited use during the relevant year. The matter of unexplained cash credits was sent back to the Assessing Officer for further investigation. The decision was made on August 12, 2016. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333301