https://www.taxtmi.com/caselaws?id=302316 The appeal challenged the assessment order under section 147 for the assessment year 2001-02, raising concerns about the validity of the order due to procedural lapses. The unexplained credits under section 68 were upheld by the Commissioner, emphasizing the burden on the assessee to prove the legitimacy of the credits. While interest under sections 234B and 234C was confirmed, the tribunal remitted the issue of unexplained credits back to the Assessing Officer for reconsideration, stressing the importance of providing a fair opportunity for the assessee to present their case. en-us Fri, 11 May 2012 00:00:00 +0530 Mon, 16 May 2022 13:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302316 The appeal challenged the assessment order under section 147 for the assessment year 2001-02, raising concerns about the validity of the order due to procedural lapses. The unexplained credits under section 68 were upheld by the Commissioner, emphasizing the burden on the assessee to prove the legitimacy of the credits. While interest under sections 234B and 234C was confirmed, the tribunal remitted the issue of unexplained credits back to the Assessing Officer for reconsideration, stressing the importance of providing a fair opportunity for the assessee to present their case. Case-Laws Income Tax Fri, 11 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302316