https://www.taxtmi.com/caselaws?id=430244 The Tribunal upheld the reopening of assessment, citing procedural regularities and lack of proof of creditor identity and transaction genuineness, resulting in an addition under Section 68. The Tribunal partially allowed the appeal on the unexplained cash credit issue, noting insufficient cross-examination of a third party's statement. Proper issuance of notice under Section 143(2) was confirmed by the Tribunal, dismissing the challenge. Emphasis was placed on the importance of fair cross-examination opportunities and assessing the merit of the case based on evidence presented by the assessee. en-us Fri, 11 Nov 2022 00:00:00 +0530 Tue, 15 Nov 2022 09:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430244 The Tribunal upheld the reopening of assessment, citing procedural regularities and lack of proof of creditor identity and transaction genuineness, resulting in an addition under Section 68. The Tribunal partially allowed the appeal on the unexplained cash credit issue, noting insufficient cross-examination of a third party's statement. Proper issuance of notice under Section 143(2) was confirmed by the Tribunal, dismissing the challenge. Emphasis was placed on the importance of fair cross-examination opportunities and assessing the merit of the case based on evidence presented by the assessee. Case-Laws Income Tax Fri, 11 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430244