https://www.taxtmi.com/caselaws?id=280902 The Tribunal allowed the appellant's appeal, directing the AO to treat 3% of the accommodation entry as the appellant's income. The Tribunal dismissed the challenge to the validity of the assessment under sections 147 and 143(3) of the Income Tax Act as it was not pursued earlier. The issues of unexplained cash credits and disallowed expenses were set aside for fresh consideration by the CIT(A) with a fair opportunity for the appellant to present their case. The Tribunal emphasized the need for the AO to conduct thorough inquiries to identify the real beneficiaries of the transactions. en-us Tue, 07 Feb 2017 00:00:00 +0530 Sat, 25 May 2019 09:52:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280902 The Tribunal allowed the appellant's appeal, directing the AO to treat 3% of the accommodation entry as the appellant's income. The Tribunal dismissed the challenge to the validity of the assessment under sections 147 and 143(3) of the Income Tax Act as it was not pursued earlier. The issues of unexplained cash credits and disallowed expenses were set aside for fresh consideration by the CIT(A) with a fair opportunity for the appellant to present their case. The Tribunal emphasized the need for the AO to conduct thorough inquiries to identify the real beneficiaries of the transactions. Case-Laws Income Tax Tue, 07 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280902