https://www.taxtmi.com/caselaws?id=428139 The Tribunal ruled in favor of the assessee, ordering the deletion of the addition of Rs. 2,53,00,000 as unexplained cash credits. The Tribunal criticized the AO for not examining the documents provided by the assessee and for insisting on the personal appearance of directors without pointing out specific discrepancies. Additionally, the Tribunal found the CIT(A)'s order to be non-speaking and unsustainable in law, ultimately overturning the lower authorities' decision and allowing the appeal of the assessee. en-us Tue, 20 Sep 2022 00:00:00 +0530 Sat, 24 Sep 2022 08:20:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428139 The Tribunal ruled in favor of the assessee, ordering the deletion of the addition of Rs. 2,53,00,000 as unexplained cash credits. The Tribunal criticized the AO for not examining the documents provided by the assessee and for insisting on the personal appearance of directors without pointing out specific discrepancies. Additionally, the Tribunal found the CIT(A)'s order to be non-speaking and unsustainable in law, ultimately overturning the lower authorities' decision and allowing the appeal of the assessee. Case-Laws Income Tax Tue, 20 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428139