https://www.taxtmi.com/caselaws?id=404037 The Tribunal set aside the addition of Rs. 49,50,000 as unexplained cash credits and directed the Assessing Officer to re-examine the evidence provided by the assessee in accordance with CBDT Circular No. 5 dated 29-05-1969. The Tribunal instructed a proper opportunity for hearing and decision-making in compliance with the law. The appeal was allowed for statistical purposes, while the grounds related to interest and penalty were dismissed. en-us Mon, 28 Dec 2020 00:00:00 +0530 Sat, 13 Feb 2021 15:03:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404037 The Tribunal set aside the addition of Rs. 49,50,000 as unexplained cash credits and directed the Assessing Officer to re-examine the evidence provided by the assessee in accordance with CBDT Circular No. 5 dated 29-05-1969. The Tribunal instructed a proper opportunity for hearing and decision-making in compliance with the law. The appeal was allowed for statistical purposes, while the grounds related to interest and penalty were dismissed. Case-Laws Income Tax Mon, 28 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404037