https://www.taxtmi.com/caselaws?id=294837 A Tribunal cannot reverse a first appellate finding on a cash credit addition under section 68 without independently examining the record and giving reasons for its contrary view. Where the creditor was identified, the entry was supported by confirmatory letters, and the creditor appeared before the Assessing Officer to confirm payment, the Tribunal was required to deal with those facts on the present record rather than rely only on another assessee's case. The negative answer therefore favoured the assessee and went against the Revenue. en-us Thu, 22 Aug 1996 00:00:00 +0530 Wed, 05 May 2021 16:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294837 A Tribunal cannot reverse a first appellate finding on a cash credit addition under section 68 without independently examining the record and giving reasons for its contrary view. Where the creditor was identified, the entry was supported by confirmatory letters, and the creditor appeared before the Assessing Officer to confirm payment, the Tribunal was required to deal with those facts on the present record rather than rely only on another assessee's case. The negative answer therefore favoured the assessee and went against the Revenue. Case-Laws Income Tax Thu, 22 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294837