https://www.taxtmi.com/highlights?id=57733 Unexplained cash credit under section 68 - It might be quite possible that search material has a bearing on the income to be determined for the year under consideration but for that purpose the proceedings have already been initiated and the same will be taken care by the revenue authorities in the respective proceedings. Accordingly, we are not convinced with the argument of the learned DR. - AT en-us Mon, 26 Apr 2021 18:09:41 +0530 Mon, 26 Apr 2021 18:09:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57733 Unexplained cash credit under section 68 - It might be quite possible that search material has a bearing on the income to be determined for the year under consideration but for that purpose the proceedings have already been initiated and the same will be taken care by the revenue authorities in the respective proceedings. Accordingly, we are not convinced with the argument of the learned DR. - AT Highlights Income Tax Mon, 26 Apr 2021 18:09:41 +0530 https://www.taxtmi.com/highlights?id=57733