https://www.taxtmi.com/highlights?id=64187 Unexplained Cash Credit u/s 68 - share application money pending allotment treated as undisclosed money - The manner in which ld. CIT (A) passed the appellate order needs much to be desired. It was incumbent upon the ld. CIT(A) to give a finding upon the financial statements of the parties reportedly copies of which have been given to the ld. CIT (A). - The mystery of the parties responding through assessee and not coming or appearing before AO also needs to be solved. Ld. CIT (A)’s order is palpably wrong. - AT en-us Tue, 21 Jun 2022 08:56:47 +0530 Tue, 21 Jun 2022 08:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64187 Unexplained Cash Credit u/s 68 - share application money pending allotment treated as undisclosed money - The manner in which ld. CIT (A) passed the appellate order needs much to be desired. It was incumbent upon the ld. CIT(A) to give a finding upon the financial statements of the parties reportedly copies of which have been given to the ld. CIT (A). - The mystery of the parties responding through assessee and not coming or appearing before AO also needs to be solved. Ld. CIT (A)’s order is palpably wrong. - AT Highlights Income Tax Tue, 21 Jun 2022 08:56:47 +0530 https://www.taxtmi.com/highlights?id=64187