https://www.taxtmi.com/caselaws?id=396871 The appeal filed by the assessee was partly allowed for statistical purposes. The Tribunal directed the AO to further verify and adjudicate on two issues: the addition of Rs. 20,90,000/- as unexplained credit in the account of M/s. Gulab Farms Pvt. Ltd. and the addition of Rs. 5,21,935/- as unexplained credit in the account of M/s. V.C. Solutions (P) Ltd. The assessee was granted the opportunity to explain the discrepancies and substantiate claims with proper evidence. en-us Tue, 21 Jul 2020 00:00:00 +0530 Thu, 23 Jul 2020 13:28:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396871 The appeal filed by the assessee was partly allowed for statistical purposes. The Tribunal directed the AO to further verify and adjudicate on two issues: the addition of Rs. 20,90,000/- as unexplained credit in the account of M/s. Gulab Farms Pvt. Ltd. and the addition of Rs. 5,21,935/- as unexplained credit in the account of M/s. V.C. Solutions (P) Ltd. The assessee was granted the opportunity to explain the discrepancies and substantiate claims with proper evidence. Case-Laws Income Tax Tue, 21 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396871