https://www.taxtmi.com/caselaws?id=301762 The Tax Appeal was filed by the revenue challenging the deletion of an addition as unexplained capital and peak credits. The Income Tax Appellate Tribunal had deleted the addition of Rs. 67 lakhs as unexplained capital and peak credits amounting to Rs. 1,25,94,803. The Tribunal dismissed the appeal by the revenue, confirming the order passed by the CIT(A) deleting the addition made by the Assessing Officer. Additionally, the Tribunal found a violation of Rule 46A of the Income Tax Rules, 1962, and remanded the matter to the CIT(A) for a fresh decision, allowing an opportunity for cross-examination of witnesses. en-us Tue, 10 Sep 2013 00:00:00 +0530 Tue, 19 Apr 2022 12:20:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301762 The Tax Appeal was filed by the revenue challenging the deletion of an addition as unexplained capital and peak credits. The Income Tax Appellate Tribunal had deleted the addition of Rs. 67 lakhs as unexplained capital and peak credits amounting to Rs. 1,25,94,803. The Tribunal dismissed the appeal by the revenue, confirming the order passed by the CIT(A) deleting the addition made by the Assessing Officer. Additionally, the Tribunal found a violation of Rule 46A of the Income Tax Rules, 1962, and remanded the matter to the CIT(A) for a fresh decision, allowing an opportunity for cross-examination of witnesses. Case-Laws Income Tax Tue, 10 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301762