https://www.taxtmi.com/caselaws?id=277120 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition of Rs. 54.35 crores made by the A.O. under section 68, as the amount was received in a previous year and not the year under review. The Tribunal referenced judicial precedents emphasizing that credits from prior years cannot be deemed unexplained cash credits in subsequent years. The appeal by the revenue was dismissed, affirming the Ld. CIT(A)'s ruling. en-us Fri, 27 Jul 2018 00:00:00 +0530 Mon, 26 Nov 2018 07:54:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277120 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition of Rs. 54.35 crores made by the A.O. under section 68, as the amount was received in a previous year and not the year under review. The Tribunal referenced judicial precedents emphasizing that credits from prior years cannot be deemed unexplained cash credits in subsequent years. The appeal by the revenue was dismissed, affirming the Ld. CIT(A)'s ruling. Case-Laws Income Tax Fri, 27 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277120