https://www.taxtmi.com/caselaws?id=278211 The Tribunal remanded the case back to the Assessing Officer for a fresh decision, finding flaws in the initial inquiry and emphasizing the need for the assessee to be given a fair opportunity to present their case. The Tribunal held that the appellant had discharged the onus under section 68 of the Income Tax Act, providing relevant details that were not adequately considered by the revenue authorities. The appeal was allowed for statistical purposes, indicating a favorable outcome for the appellant in challenging the disallowance of long term capital gain as unexplained cash credit. en-us Thu, 30 Aug 2018 00:00:00 +0530 Fri, 18 Jan 2019 10:04:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278211 The Tribunal remanded the case back to the Assessing Officer for a fresh decision, finding flaws in the initial inquiry and emphasizing the need for the assessee to be given a fair opportunity to present their case. The Tribunal held that the appellant had discharged the onus under section 68 of the Income Tax Act, providing relevant details that were not adequately considered by the revenue authorities. The appeal was allowed for statistical purposes, indicating a favorable outcome for the appellant in challenging the disallowance of long term capital gain as unexplained cash credit. Case-Laws Income Tax Thu, 30 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278211