https://www.taxtmi.com/caselaws?id=14029 The dominant issue was whether the ITAT could remand the assessment on cash credit/genuineness of loan entries when the assessee had discharged the onus by producing creditors repeatedly, filing affidavits and confirmations, furnishing particulars, and proving repayment through account payee cheques. The HC held that, once the first appellate authority had accepted the credits on reliable material and the assessment order had merged in that appellate order, the ITAT was bound to examine the appellate reasoning and could not order a remand merely because the AO failed to cross-examine produced creditors. Treating such omission as a ground for "one more innings" was an unreasonable approach and a legal error. The reference was answered for the assessee and against the Revenue. en-us Wed, 28 Jun 2000 00:00:00 +0530 Sat, 20 Dec 2025 21:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14029 The dominant issue was whether the ITAT could remand the assessment on cash credit/genuineness of loan entries when the assessee had discharged the onus by producing creditors repeatedly, filing affidavits and confirmations, furnishing particulars, and proving repayment through account payee cheques. The HC held that, once the first appellate authority had accepted the credits on reliable material and the assessment order had merged in that appellate order, the ITAT was bound to examine the appellate reasoning and could not order a remand merely because the AO failed to cross-examine produced creditors. Treating such omission as a ground for "one more innings" was an unreasonable approach and a legal error. The reference was answered for the assessee and against the Revenue. Case-Laws Income Tax Wed, 28 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14029