https://www.taxtmi.com/caselaws?id=350243 The Tribunal allowed the appeal, quashing proceedings under section 153C and deleting additions for unexplained cash credit. It permitted set-off and carry forward of current year and brought forward losses. The decision favored the assessee-company due to insufficient evidence linking seized material to the company and the company proving the genuineness of the cash credit. The Tribunal's ruling impacted the charging of interest under sections 234A/234B, which was not specifically addressed. en-us Tue, 31 Oct 2017 00:00:00 +0530 Thu, 14 Dec 2017 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350243 The Tribunal allowed the appeal, quashing proceedings under section 153C and deleting additions for unexplained cash credit. It permitted set-off and carry forward of current year and brought forward losses. The decision favored the assessee-company due to insufficient evidence linking seized material to the company and the company proving the genuineness of the cash credit. The Tribunal's ruling impacted the charging of interest under sections 234A/234B, which was not specifically addressed. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350243