https://www.taxtmi.com/caselaws?id=405098 The tribunal upheld the assessment order under Section 143(3), citing the assessee's failure to provide complete details and discharge the onus under Section 68. The opportunity to the assessee before passing the order was deemed sufficient, as the assessee did not appear despite multiple notices. The claimed loss from trading activities was rejected due to lack of substantiation. The addition under Section 68 for unexplained cash credit was upheld, with the issue of set-off remanded for fresh adjudication. The charge of penal interest was not extensively addressed. The appeal was partly allowed for statistical purposes. en-us Wed, 10 Mar 2021 00:00:00 +0530 Thu, 11 Mar 2021 09:16:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405098 The tribunal upheld the assessment order under Section 143(3), citing the assessee's failure to provide complete details and discharge the onus under Section 68. The opportunity to the assessee before passing the order was deemed sufficient, as the assessee did not appear despite multiple notices. The claimed loss from trading activities was rejected due to lack of substantiation. The addition under Section 68 for unexplained cash credit was upheld, with the issue of set-off remanded for fresh adjudication. The charge of penal interest was not extensively addressed. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 10 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405098