https://www.taxtmi.com/caselaws?id=431422 The tribunal upheld the validity of reassessment proceedings and confirmed the additions of cash credits under section 68. The tribunal dismissed the grounds related to the denial of benefit of the added amount for application of income and non-allowance of depreciation and set-off. However, it directed the CIT(A) to re-examine and adjudicate these issues afresh. The appeal was partly allowed for statistical purposes. en-us Mon, 28 Nov 2022 00:00:00 +0530 Fri, 09 Dec 2022 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431422 The tribunal upheld the validity of reassessment proceedings and confirmed the additions of cash credits under section 68. The tribunal dismissed the grounds related to the denial of benefit of the added amount for application of income and non-allowance of depreciation and set-off. However, it directed the CIT(A) to re-examine and adjudicate these issues afresh. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Mon, 28 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431422