https://www.taxtmi.com/caselaws?id=391243 The Tribunal upheld the validity of the order passed by the Assessing Officer under section 147, finding that despite the notice being issued in the name of a non-existent entity, the company's PAN number remained valid, and there was no jurisdictional error in issuing the notice. However, the Tribunal allowed the appeal regarding the addition of Rs. 45 lakhs under section 68, ruling that the investments from various entities were genuine and rejecting the AO's assertion of unexplained cash credit. The addition was directed to be deleted, and the assessee's appeal was successful. en-us Tue, 07 Jan 2020 00:00:00 +0530 Thu, 23 Jan 2020 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391243 The Tribunal upheld the validity of the order passed by the Assessing Officer under section 147, finding that despite the notice being issued in the name of a non-existent entity, the company's PAN number remained valid, and there was no jurisdictional error in issuing the notice. However, the Tribunal allowed the appeal regarding the addition of Rs. 45 lakhs under section 68, ruling that the investments from various entities were genuine and rejecting the AO's assertion of unexplained cash credit. The addition was directed to be deleted, and the assessee's appeal was successful. Case-Laws Income Tax Tue, 07 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391243