https://www.taxtmi.com/caselaws?id=283687 The Tribunal directed the issue of unexplained credits and deposits back to the AO for further verification and adjudication due to a dispute among partners hindering the assessee's ability to provide details. The Revenue's appeal was treated as allowed for statistical purposes, resulting in both appeals being allowed. This case underscores the necessity of furnishing comprehensive evidence to support transactions, particularly in instances involving unexplained credits and deposits under section 68 of the Income Tax Act. en-us Fri, 29 Jul 2011 00:00:00 +0530 Mon, 07 Oct 2019 11:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283687 The Tribunal directed the issue of unexplained credits and deposits back to the AO for further verification and adjudication due to a dispute among partners hindering the assessee's ability to provide details. The Revenue's appeal was treated as allowed for statistical purposes, resulting in both appeals being allowed. This case underscores the necessity of furnishing comprehensive evidence to support transactions, particularly in instances involving unexplained credits and deposits under section 68 of the Income Tax Act. Case-Laws Income Tax Fri, 29 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283687