https://www.taxtmi.com/caselaws?id=371973 The Tribunal allowed the assessee's appeals, directing the AO to delete the additions made under Section 68 of the Income Tax Act and the disallowance of related interest expenses for both assessment years. The issue of deduction under Section 80C for A.Y. 2011-12 was remanded to the AO for fresh examination. The Tribunal emphasized the importance of providing the assessee with the opportunity to cross-examine third-party statements and the requirement for the AO to conduct further inquiries when the initial burden of proving cash credits is met by the assessee. en-us Wed, 12 Sep 2018 00:00:00 +0530 Sat, 15 Dec 2018 09:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371973 The Tribunal allowed the assessee's appeals, directing the AO to delete the additions made under Section 68 of the Income Tax Act and the disallowance of related interest expenses for both assessment years. The issue of deduction under Section 80C for A.Y. 2011-12 was remanded to the AO for fresh examination. The Tribunal emphasized the importance of providing the assessee with the opportunity to cross-examine third-party statements and the requirement for the AO to conduct further inquiries when the initial burden of proving cash credits is met by the assessee. Case-Laws Income Tax Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371973