https://www.taxtmi.com/caselaws?id=402265 The Tribunal allowed the appeals filed by the assessees, holding that the additions made by the AO under sections 68 and 69C were not sustainable due to the absence of incriminating material and the denial of the right to cross-examine third parties. The Tribunal directed that the income from cloth trading be treated as business income and not as unexplained cash credit. en-us Wed, 16 Dec 2020 00:00:00 +0530 Sun, 27 Dec 2020 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402265 The Tribunal allowed the appeals filed by the assessees, holding that the additions made by the AO under sections 68 and 69C were not sustainable due to the absence of incriminating material and the denial of the right to cross-examine third parties. The Tribunal directed that the income from cloth trading be treated as business income and not as unexplained cash credit. Case-Laws Income Tax Wed, 16 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402265