https://www.taxtmi.com/caselaws?id=55140 The Tribunal upheld the addition of cash credits as deemed income due to the assessee's failure to provide evidence, rejecting arguments that the credits were realizations from sales. However, errors in the calculation of additions were acknowledged, leading to a remand for proper assessment based on peak credits and available cash details. The appeal was partly allowed, setting aside previous orders and instructing reevaluation by the AO, with other grounds raised in the appeal being rejected. en-us Thu, 20 Jul 2000 00:00:00 +0530 Tue, 23 Nov 2010 18:05:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55140 The Tribunal upheld the addition of cash credits as deemed income due to the assessee's failure to provide evidence, rejecting arguments that the credits were realizations from sales. However, errors in the calculation of additions were acknowledged, leading to a remand for proper assessment based on peak credits and available cash details. The appeal was partly allowed, setting aside previous orders and instructing reevaluation by the AO, with other grounds raised in the appeal being rejected. Case-Laws Income Tax Thu, 20 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55140