https://www.taxtmi.com/caselaws?id=367509 In the case, the tribunal allowed the appeal for Assessment Year (AY) 1995-96, deleting the addition of Rs. 1,00,00,000 as unexplained cash credit under Section 68. The tribunal found that the assessee had discharged its burden under Section 68 after over 17 years, and ordered the deletion of the addition. For AY 1997-98, the tribunal remitted the issue of unexplained income of Rs. 91,09,444 credited in the Reserve and Surplus Account back to the Assessing Officer for fresh determination, emphasizing the need for correct income computation and providing the assessee with an opportunity to substantiate their position. en-us Wed, 19 Sep 2018 00:00:00 +0530 Thu, 20 Sep 2018 22:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367509 In the case, the tribunal allowed the appeal for Assessment Year (AY) 1995-96, deleting the addition of Rs. 1,00,00,000 as unexplained cash credit under Section 68. The tribunal found that the assessee had discharged its burden under Section 68 after over 17 years, and ordered the deletion of the addition. For AY 1997-98, the tribunal remitted the issue of unexplained income of Rs. 91,09,444 credited in the Reserve and Surplus Account back to the Assessing Officer for fresh determination, emphasizing the need for correct income computation and providing the assessee with an opportunity to substantiate their position. Case-Laws Income Tax Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367509