https://www.taxtmi.com/caselaws?id=360391 The Tribunal partially allowed the appeal concerning the addition of unexplained cash credit under section 68 of the I.T. Act for A.Y. 2009-2010. The Tribunal emphasized the need for a fair opportunity for the assessee to substantiate the genuineness of the cash credit. It directed the Assessing Officer to re-examine the issue, instructing the assessee to produce the creditor for examination and provide necessary bank statements. The judgment addressed various issues, including delay in filing the appeal, failure to produce the creditor, legal grounds, and judicial interventions, providing detailed analysis and directions for further proceedings. en-us Mon, 14 May 2018 00:00:00 +0530 Wed, 16 May 2018 06:45:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360391 The Tribunal partially allowed the appeal concerning the addition of unexplained cash credit under section 68 of the I.T. Act for A.Y. 2009-2010. The Tribunal emphasized the need for a fair opportunity for the assessee to substantiate the genuineness of the cash credit. It directed the Assessing Officer to re-examine the issue, instructing the assessee to produce the creditor for examination and provide necessary bank statements. The judgment addressed various issues, including delay in filing the appeal, failure to produce the creditor, legal grounds, and judicial interventions, providing detailed analysis and directions for further proceedings. Case-Laws Income Tax Mon, 14 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360391