https://www.taxtmi.com/caselaws?id=426505 The Tribunal upheld the addition of Rs. 3,50,00,000 under Section 68 as unexplained cash credits, dismissing the appeal of the assessee. The Tribunal found that the Assessing Officer had validly utilized incriminating material found during the search, rejecting the arguments challenging the authority of the Assessing Officer under Section 153A, the absence of incriminating material, the discharge of onus under Section 68, and the rejection of the assessment order of share applicants. en-us Thu, 04 Aug 2022 00:00:00 +0530 Thu, 18 Aug 2022 08:17:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426505 The Tribunal upheld the addition of Rs. 3,50,00,000 under Section 68 as unexplained cash credits, dismissing the appeal of the assessee. The Tribunal found that the Assessing Officer had validly utilized incriminating material found during the search, rejecting the arguments challenging the authority of the Assessing Officer under Section 153A, the absence of incriminating material, the discharge of onus under Section 68, and the rejection of the assessment order of share applicants. Case-Laws Income Tax Thu, 04 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426505