https://www.taxtmi.com/caselaws?id=343470 The Tribunal remitted the case back to the Assessing Officer for fresh adjudication regarding the addition of Rs. 10,03,46,128 as unexplained cash credit under Section 68 of the Income Tax Act. The Tribunal emphasized the need for further inquiry into the documentation provided by the marketing agents. The Tribunal also implied reconsideration of the levy of interest under Section 234B. The appeal was allowed for statistical purposes, directing the AO to provide the assessee with a reasonable opportunity to present their case. en-us Mon, 15 May 2017 00:00:00 +0530 Fri, 26 May 2017 07:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343470 The Tribunal remitted the case back to the Assessing Officer for fresh adjudication regarding the addition of Rs. 10,03,46,128 as unexplained cash credit under Section 68 of the Income Tax Act. The Tribunal emphasized the need for further inquiry into the documentation provided by the marketing agents. The Tribunal also implied reconsideration of the levy of interest under Section 234B. The appeal was allowed for statistical purposes, directing the AO to provide the assessee with a reasonable opportunity to present their case. Case-Laws Income Tax Mon, 15 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343470