https://www.taxtmi.com/caselaws?id=408521 The Tribunal upheld the validity of the assessment under section 143(3) read with section 153C, rejecting the assessee's challenge. It also supported the deletion of additions towards unexplained cash credits under section 68, emphasizing the violation of natural justice by the assessing officer. Additionally, the Tribunal upheld the deletion of disallowance towards interest claimed on the sum treated as unexplained cash credit, highlighting the genuineness of transactions and the lack of cross-examination opportunities for third parties. The Tribunal dismissed the Revenue's appeal and allowed the assessee's cross-objection, emphasizing adherence to principles of natural justice. en-us Wed, 09 Jun 2021 00:00:00 +0530 Mon, 14 Jun 2021 09:08:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408521 The Tribunal upheld the validity of the assessment under section 143(3) read with section 153C, rejecting the assessee's challenge. It also supported the deletion of additions towards unexplained cash credits under section 68, emphasizing the violation of natural justice by the assessing officer. Additionally, the Tribunal upheld the deletion of disallowance towards interest claimed on the sum treated as unexplained cash credit, highlighting the genuineness of transactions and the lack of cross-examination opportunities for third parties. The Tribunal dismissed the Revenue's appeal and allowed the assessee's cross-objection, emphasizing adherence to principles of natural justice. Case-Laws Income Tax Wed, 09 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408521