https://www.taxtmi.com/caselaws?id=273541 The Tribunal upheld the validity of the reassessment proceedings initiated by the revenue based on information from the Investigation Wing, citing lack of original assessment and sufficient justification for reopening. However, the Tribunal confirmed the deletion of Rs. 36 lacs added as cash credits under section 68, as the assessee provided satisfactory evidence of genuine transactions. The order was pronounced on February 29, 2012. en-us Wed, 29 Feb 2012 00:00:00 +0530 Mon, 02 Jul 2018 10:43:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273541 The Tribunal upheld the validity of the reassessment proceedings initiated by the revenue based on information from the Investigation Wing, citing lack of original assessment and sufficient justification for reopening. However, the Tribunal confirmed the deletion of Rs. 36 lacs added as cash credits under section 68, as the assessee provided satisfactory evidence of genuine transactions. The order was pronounced on February 29, 2012. Case-Laws Income Tax Wed, 29 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273541