https://www.taxtmi.com/caselaws?id=398376 The High Court set aside the Tribunal's decision annulling reassessment under Section 147 for the assessment years 1996-97 and 1997-98 without addressing the merits. The Court emphasized the need to thoroughly examine the issue of unexplained cash credits and remitted the matter to the Commissioner of Income Tax (Appeals) for a fresh determination. The Court also highlighted the importance of adjudicating on the merits of the case in detail. en-us Tue, 08 Sep 2020 00:00:00 +0530 Mon, 18 Jan 2021 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398376 The High Court set aside the Tribunal's decision annulling reassessment under Section 147 for the assessment years 1996-97 and 1997-98 without addressing the merits. The Court emphasized the need to thoroughly examine the issue of unexplained cash credits and remitted the matter to the Commissioner of Income Tax (Appeals) for a fresh determination. The Court also highlighted the importance of adjudicating on the merits of the case in detail. Case-Laws Income Tax Tue, 08 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398376