https://www.taxtmi.com/caselaws?id=422284 The Tribunal dismissed both the assessee's and the Revenue's appeals related to unexplained cash credit, reassessment proceedings, addition of income, interest charges under section 234B, and penalties under section 271D. The Tribunal upheld the addition of unexplained cash credit under section 68, justified the reassessment proceedings under section 147 based on reliable information, and canceled the penalty imposed by the Revenue due to conflicting positions within the Department. en-us Tue, 10 May 2022 00:00:00 +0530 Thu, 12 May 2022 08:46:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422284 The Tribunal dismissed both the assessee's and the Revenue's appeals related to unexplained cash credit, reassessment proceedings, addition of income, interest charges under section 234B, and penalties under section 271D. The Tribunal upheld the addition of unexplained cash credit under section 68, justified the reassessment proceedings under section 147 based on reliable information, and canceled the penalty imposed by the Revenue due to conflicting positions within the Department. Case-Laws Income Tax Tue, 10 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422284