https://www.taxtmi.com/caselaws?id=276625 The Tribunal found the notice issued under Section 158BD to be invalid due to delays and lack of incriminating material. It held that the additions made under Sections 68 and 69C were not sustainable as there was no evidence of cash transactions. The Tribunal allowed the appeals, directing the deletion of the disallowance of interest and setting aside the CIT(A)'s order in favor of the assessee. en-us Wed, 22 Jul 2015 00:00:00 +0530 Thu, 15 Nov 2018 07:19:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276625 The Tribunal found the notice issued under Section 158BD to be invalid due to delays and lack of incriminating material. It held that the additions made under Sections 68 and 69C were not sustainable as there was no evidence of cash transactions. The Tribunal allowed the appeals, directing the deletion of the disallowance of interest and setting aside the CIT(A)'s order in favor of the assessee. Case-Laws Income Tax Wed, 22 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276625