https://www.taxtmi.com/caselaws?id=375637 The case involved issues regarding the deletion of additions made towards unexplained cash deposits and unexplained liabilities in the form of share application money and sundry creditors. The Tribunal remanded the case to the Assessing Officer for fresh adjudication, allowing the assessee to present true facts and evidence. The Tribunal directed the ld. AO to tax only the commission attributable to the cash deposits and provided the assessee with the opportunity to provide new evidence regarding the unexplained liabilities. The appeals and cross objections were allowed for statistical purposes, and a fresh adjudication was ordered for both issues. en-us Fri, 30 Nov 2018 00:00:00 +0530 Fri, 22 Feb 2019 06:12:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375637 The case involved issues regarding the deletion of additions made towards unexplained cash deposits and unexplained liabilities in the form of share application money and sundry creditors. The Tribunal remanded the case to the Assessing Officer for fresh adjudication, allowing the assessee to present true facts and evidence. The Tribunal directed the ld. AO to tax only the commission attributable to the cash deposits and provided the assessee with the opportunity to provide new evidence regarding the unexplained liabilities. The appeals and cross objections were allowed for statistical purposes, and a fresh adjudication was ordered for both issues. Case-Laws Income Tax Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375637