https://www.taxtmi.com/caselaws?id=428193 The Tribunal allowed the Revenue's appeal, setting aside the CIT(A)'s order and upholding the AO's addition of Rs.11 crores as unexplained cash credit. The Tribunal found the reopening of the assessment under section 143(3) r.w.s. 147 valid based on credible information from the Investigation Wing. The assessment order was deemed appropriate under section 143(3) r.w.s. 147, rejecting the assessee's argument for assessment under section 153C. en-us Wed, 21 Sep 2022 00:00:00 +0530 Mon, 26 Sep 2022 08:30:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428193 The Tribunal allowed the Revenue's appeal, setting aside the CIT(A)'s order and upholding the AO's addition of Rs.11 crores as unexplained cash credit. The Tribunal found the reopening of the assessment under section 143(3) r.w.s. 147 valid based on credible information from the Investigation Wing. The assessment order was deemed appropriate under section 143(3) r.w.s. 147, rejecting the assessee's argument for assessment under section 153C. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428193