https://www.taxtmi.com/caselaws?id=438192 The appeals filed by the assessee were allowed. The Tribunal directed the Commissioner of Income-Tax (Appeals) to adjudicate the penalty u/s 271(1)(c) in accordance with the law and deleted the addition of Rs. 64,00,000/- as unexplained credits. Other arguments regarding the validity of reassessment and cross-examination were rendered academic and infructuous. en-us Mon, 08 May 2023 00:00:00 +0530 Thu, 25 May 2023 09:12:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438192 The appeals filed by the assessee were allowed. The Tribunal directed the Commissioner of Income-Tax (Appeals) to adjudicate the penalty u/s 271(1)(c) in accordance with the law and deleted the addition of Rs. 64,00,000/- as unexplained credits. Other arguments regarding the validity of reassessment and cross-examination were rendered academic and infructuous. Case-Laws Income Tax Mon, 08 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438192