https://www.taxtmi.com/caselaws?id=296535 The Chief Justice upheld the Tribunal's decision for assessment years 1996-97 and 2001-02, finding no perversity in their order. The deletion of additions to the capital account and unexplained cash credit was justified based on the distinction between block and regular assessments. The Tribunal correctly applied the law by considering the genuineness of deposits and income in the appropriate assessment proceedings. Consequently, the appeal was dismissed, and no costs were awarded. en-us Thu, 20 Nov 2014 00:00:00 +0530 Tue, 27 Jul 2021 08:53:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296535 The Chief Justice upheld the Tribunal's decision for assessment years 1996-97 and 2001-02, finding no perversity in their order. The deletion of additions to the capital account and unexplained cash credit was justified based on the distinction between block and regular assessments. The Tribunal correctly applied the law by considering the genuineness of deposits and income in the appropriate assessment proceedings. Consequently, the appeal was dismissed, and no costs were awarded. Case-Laws Income Tax Thu, 20 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296535