https://www.taxtmi.com/caselaws?id=421653 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision regarding the validity of scrutiny selection for complete scrutiny due to unexplained loans. Regarding the addition of unexplained cash credits under section 68 of the Income Tax Act, the Tribunal directed the deletion of the addition for certain transactions while confirming it for others. The appeal was partly allowed, adjusting the addition accordingly, based on the evidence provided. en-us Wed, 27 Apr 2022 00:00:00 +0530 Thu, 28 Apr 2022 22:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421653 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision regarding the validity of scrutiny selection for complete scrutiny due to unexplained loans. Regarding the addition of unexplained cash credits under section 68 of the Income Tax Act, the Tribunal directed the deletion of the addition for certain transactions while confirming it for others. The appeal was partly allowed, adjusting the addition accordingly, based on the evidence provided. Case-Laws Income Tax Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421653