https://www.taxtmi.com/caselaws?id=307416 The appeal was partly allowed by the tribunal in a tax matter. The tribunal dismissed the issue regarding proper hearing opportunity. For the addition of Rs. 11,16,426 on account of balance commission, the tribunal directed the AO to rely on Form 26AS figures, resulting in the computation of taxable income. Regarding the addition of Rs. 5,92,100 on account of unexplained cash credit, the tribunal reduced the addition to Rs. 1,97,070 due to lack of evidence provided by the assessee. Adjustments were directed to be made by the AO in consideration of the undisclosed income. The tribunal factored in the impact of the COVID-19 pandemic in its decision-making process. en-us Fri, 05 Jun 2020 00:00:00 +0530 Wed, 12 Apr 2023 21:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307416 The appeal was partly allowed by the tribunal in a tax matter. The tribunal dismissed the issue regarding proper hearing opportunity. For the addition of Rs. 11,16,426 on account of balance commission, the tribunal directed the AO to rely on Form 26AS figures, resulting in the computation of taxable income. Regarding the addition of Rs. 5,92,100 on account of unexplained cash credit, the tribunal reduced the addition to Rs. 1,97,070 due to lack of evidence provided by the assessee. Adjustments were directed to be made by the AO in consideration of the undisclosed income. The tribunal factored in the impact of the COVID-19 pandemic in its decision-making process. Case-Laws Income Tax Fri, 05 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307416