https://www.taxtmi.com/caselaws?id=424160 The appeal against the deletion of unexplained cash credits in the bank account was dismissed by the CIT(A). The appellant provided detailed evidence and additional documents to support the source of funds, emphasizing the lack of a reasonable opportunity to be heard during assessment. The AO's thorough verification, including statements from parties and field inquiries, confirmed the transactions' genuineness. The CIT(A) stressed the importance of fair play and justice, ultimately upholding the deletion of the addition based on the clean chit given by the remand report, highlighting the significance of due diligence in verifying financial transactions for a just outcome. en-us Tue, 08 Feb 2022 00:00:00 +0530 Thu, 23 Jun 2022 09:23:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424160 The appeal against the deletion of unexplained cash credits in the bank account was dismissed by the CIT(A). The appellant provided detailed evidence and additional documents to support the source of funds, emphasizing the lack of a reasonable opportunity to be heard during assessment. The AO's thorough verification, including statements from parties and field inquiries, confirmed the transactions' genuineness. The CIT(A) stressed the importance of fair play and justice, ultimately upholding the deletion of the addition based on the clean chit given by the remand report, highlighting the significance of due diligence in verifying financial transactions for a just outcome. Case-Laws Income Tax Tue, 08 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424160