https://www.taxtmi.com/caselaws?id=17673 The High Court ruled in favor of the assessee, finding deficiencies in the Assessing Officer's enquiry process and the Tribunal's oversight of crucial aspects. The Court emphasized the importance of proper materials and fair enquiry, answering both questions in the negative against the Revenue. The decision highlighted the need for a just and reasonable approach in assessing cash credits under section 68 of the Income-tax Act, 1961. en-us Wed, 04 Sep 1996 00:00:00 +0530 Thu, 24 Sep 2009 11:10:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17673 The High Court ruled in favor of the assessee, finding deficiencies in the Assessing Officer's enquiry process and the Tribunal's oversight of crucial aspects. The Court emphasized the importance of proper materials and fair enquiry, answering both questions in the negative against the Revenue. The decision highlighted the need for a just and reasonable approach in assessing cash credits under section 68 of the Income-tax Act, 1961. Case-Laws Income Tax Wed, 04 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17673