https://www.taxtmi.com/caselaws?id=374185 The Tribunal upheld the validity of the notice issued under section 143(2) and the assessment order. The Tribunal dismissed the assessee's argument that the selection for scrutiny was invalid and that the assessment order was illegal. Regarding the application of section 68 for unexplained cash credit, the Tribunal found the transactions genuine, supported by documentary evidence, and conducted through recognized stock exchanges with all regulatory compliances. The Tribunal set aside the CIT(A)'s order, directing the AO to delete the addition made under section 68, allowing the appeal filed by the assessee. en-us Tue, 15 Jan 2019 00:00:00 +0530 Mon, 28 Jan 2019 07:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374185 The Tribunal upheld the validity of the notice issued under section 143(2) and the assessment order. The Tribunal dismissed the assessee's argument that the selection for scrutiny was invalid and that the assessment order was illegal. Regarding the application of section 68 for unexplained cash credit, the Tribunal found the transactions genuine, supported by documentary evidence, and conducted through recognized stock exchanges with all regulatory compliances. The Tribunal set aside the CIT(A)'s order, directing the AO to delete the addition made under section 68, allowing the appeal filed by the assessee. Case-Laws Income Tax Tue, 15 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374185