https://www.taxtmi.com/caselaws?id=382423 The Tribunal invalidated the assessment order for the year 2011-12 due to lack of incriminating material found during the search, leading to the deletion of the entire addition. Additionally, the Tribunal upheld the deletion of additions under section 68 for the years 2014-15 and 2015-16, as the assessee demonstrated the genuineness of unsecured loans and the AO failed to provide contrary evidence. The Tribunal emphasized the importance of providing opportunities for cross-examination and ruled against interest liability under sections 234A, 234B, 234C, and 234D due to the invalid assessment order. en-us Fri, 18 Jan 2019 00:00:00 +0530 Wed, 03 Jul 2019 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382423 The Tribunal invalidated the assessment order for the year 2011-12 due to lack of incriminating material found during the search, leading to the deletion of the entire addition. Additionally, the Tribunal upheld the deletion of additions under section 68 for the years 2014-15 and 2015-16, as the assessee demonstrated the genuineness of unsecured loans and the AO failed to provide contrary evidence. The Tribunal emphasized the importance of providing opportunities for cross-examination and ruled against interest liability under sections 234A, 234B, 234C, and 234D due to the invalid assessment order. Case-Laws Income Tax Fri, 18 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382423