https://www.taxtmi.com/caselaws?id=421841 The Tribunal upheld the reopening of assessment under section 147/148 based on information from another office. The addition of Rs. 23,00,000 as unexplained cash credit under section 68 was deleted as the donation was found to be genuine and properly recorded. The denial of cross-examination was noted, emphasizing its importance. The application of section 115BBE for taxing the corpus donation was deemed unjustified. The assessee successfully proved the genuineness of the donation through banking channels, leading to the deletion of the addition. The Tribunal partly allowed the appeal, directing the deletion of the added amount. en-us Wed, 27 Apr 2022 00:00:00 +0530 Tue, 03 May 2022 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421841 The Tribunal upheld the reopening of assessment under section 147/148 based on information from another office. The addition of Rs. 23,00,000 as unexplained cash credit under section 68 was deleted as the donation was found to be genuine and properly recorded. The denial of cross-examination was noted, emphasizing its importance. The application of section 115BBE for taxing the corpus donation was deemed unjustified. The assessee successfully proved the genuineness of the donation through banking channels, leading to the deletion of the addition. The Tribunal partly allowed the appeal, directing the deletion of the added amount. Case-Laws Income Tax Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421841