https://www.taxtmi.com/caselaws?id=395670 The Tribunal allowed the appeals for the assessment years 2007-08 and 2008-09, directing the Assessing Officer to re-examine the issues of unsecured loans and unexplained cash deposits. The Tribunal emphasized providing the assessee with a fair opportunity to be heard, accepting all details and material evidence, and granting the telescoping benefit for cash deposits. The case was restored to the Assessing Officer for fresh adjudication, with specific instructions to review the genuineness of loans given to a particular party. en-us Fri, 22 May 2020 00:00:00 +0530 Tue, 02 Jun 2020 09:21:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395670 The Tribunal allowed the appeals for the assessment years 2007-08 and 2008-09, directing the Assessing Officer to re-examine the issues of unsecured loans and unexplained cash deposits. The Tribunal emphasized providing the assessee with a fair opportunity to be heard, accepting all details and material evidence, and granting the telescoping benefit for cash deposits. The case was restored to the Assessing Officer for fresh adjudication, with specific instructions to review the genuineness of loans given to a particular party. Case-Laws Income Tax Fri, 22 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395670