https://www.taxtmi.com/caselaws?id=421512 The tribunal partly allowed the appeal by upholding the reopening of the assessment. However, it deleted the addition of Rs. 22,21,100 as unexplained cash credits and the related interest income of Rs. 2,052. The alternative addition under Section 56 was also dismissed. The tribunal stressed the significance of providing sufficient evidence to support claims and the requirement for tax authorities to adhere to due process. en-us Fri, 22 Apr 2022 00:00:00 +0530 Mon, 25 Apr 2022 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421512 The tribunal partly allowed the appeal by upholding the reopening of the assessment. However, it deleted the addition of Rs. 22,21,100 as unexplained cash credits and the related interest income of Rs. 2,052. The alternative addition under Section 56 was also dismissed. The tribunal stressed the significance of providing sufficient evidence to support claims and the requirement for tax authorities to adhere to due process. Case-Laws Income Tax Fri, 22 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421512