https://www.taxtmi.com/caselaws?id=414969 The Court upheld the CIT (Appeals) decision to delete the addition of undisclosed cash credit under Section 68 of the Income Tax Act, 1961. The Court found no error in the remand process conducted by the CIT (Appeals) and emphasized the importance of initial adjudication. The Tribunal's re-examination supported the CIT (Appeals) conclusion, resulting in the dismissal of the appeal. Additionally, the Court validated the remand by CIT (Appeals) under Section 250(4) of the Income Tax Act, 1961, stating that it was a valid approach to gather additional facts and save time in completing the assessment. The Court dismissed the appeal and connected applications as no substantial questions of law were found. en-us Mon, 15 Nov 2021 00:00:00 +0530 Mon, 22 Nov 2021 06:09:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414969 The Court upheld the CIT (Appeals) decision to delete the addition of undisclosed cash credit under Section 68 of the Income Tax Act, 1961. The Court found no error in the remand process conducted by the CIT (Appeals) and emphasized the importance of initial adjudication. The Tribunal's re-examination supported the CIT (Appeals) conclusion, resulting in the dismissal of the appeal. Additionally, the Court validated the remand by CIT (Appeals) under Section 250(4) of the Income Tax Act, 1961, stating that it was a valid approach to gather additional facts and save time in completing the assessment. The Court dismissed the appeal and connected applications as no substantial questions of law were found. Case-Laws Income Tax Mon, 15 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414969