https://www.taxtmi.com/caselaws?id=390105 The High Court allowed the Assessee's appeal for re-examination of evidence related to the addition under Section 68 of the Income Tax Act. The case was remanded to the Assessing Officer for a fresh inquiry, with instructions to thoroughly examine and cross-examine the affidavits and creditors involved. The Court emphasized the importance of a diligent assessment process and directed the AO to arrive at fresh findings within six months. The Court did not address the substantial legal questions pending the outcome of the fresh assessment. en-us Tue, 03 Dec 2019 00:00:00 +0530 Mon, 22 Jun 2020 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390105 The High Court allowed the Assessee's appeal for re-examination of evidence related to the addition under Section 68 of the Income Tax Act. The case was remanded to the Assessing Officer for a fresh inquiry, with instructions to thoroughly examine and cross-examine the affidavits and creditors involved. The Court emphasized the importance of a diligent assessment process and directed the AO to arrive at fresh findings within six months. The Court did not address the substantial legal questions pending the outcome of the fresh assessment. Case-Laws Income Tax Tue, 03 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390105