https://www.taxtmi.com/caselaws?id=407951 The Tribunal partly allowed the appeal, upholding the rectification of the set-off of unabsorbed depreciation. However, it ruled that the addition of share premium as unexplained cash credit could not stand independently after the reassessment order was quashed. The Tribunal indicated that if the reassessment order is reinstated on appeal, the addition under Section 68 would also be restored. en-us Mon, 24 May 2021 00:00:00 +0530 Thu, 27 May 2021 08:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407951 The Tribunal partly allowed the appeal, upholding the rectification of the set-off of unabsorbed depreciation. However, it ruled that the addition of share premium as unexplained cash credit could not stand independently after the reassessment order was quashed. The Tribunal indicated that if the reassessment order is reinstated on appeal, the addition under Section 68 would also be restored. Case-Laws Income Tax Mon, 24 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407951