https://www.taxtmi.com/caselaws?id=344678 The Tribunal set aside the CIT(A)'s decision and directed the AO to delete the addition of Rs. 1,28,00,000 as unexplained cash credit under Section 68 of the Income Tax Act, 1961. The Tribunal found procedural lapses and contradictions in the AO's actions, concluding that the addition was not justified. Consequently, the appeal was allowed in favor of the assessee, with the order pronounced on 31st March 2017. en-us Fri, 31 Mar 2017 00:00:00 +0530 Fri, 23 Jun 2017 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344678 The Tribunal set aside the CIT(A)'s decision and directed the AO to delete the addition of Rs. 1,28,00,000 as unexplained cash credit under Section 68 of the Income Tax Act, 1961. The Tribunal found procedural lapses and contradictions in the AO's actions, concluding that the addition was not justified. Consequently, the appeal was allowed in favor of the assessee, with the order pronounced on 31st March 2017. Case-Laws Income Tax Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344678