https://www.taxtmi.com/caselaws?id=410042 The Tribunal allowed the appeal, setting aside the assessment order as the reopening lacked independent verification by the Assessing Officer and was solely based on third-party information, contravening the law. Consequently, the addition of unexplained cash credit under section 68 was annulled. The decision favored the assessee, pronounced on 28th June 2021. en-us Mon, 28 Jun 2021 00:00:00 +0530 Fri, 23 Jul 2021 08:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410042 The Tribunal allowed the appeal, setting aside the assessment order as the reopening lacked independent verification by the Assessing Officer and was solely based on third-party information, contravening the law. Consequently, the addition of unexplained cash credit under section 68 was annulled. The decision favored the assessee, pronounced on 28th June 2021. Case-Laws Income Tax Mon, 28 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410042