https://www.taxtmi.com/caselaws?id=55345 The Tribunal upheld the CIT(A)'s decision to delete additions for unexplained cash credits, confirming the loans' genuineness based on evidence from creditors. The Tribunal noted the lack of grounds for Revenue's appeals and dismissed them. Despite procedural flaws in reopening assessments without proper notices, the CIT(A) deleted the additions, emphasizing natural justice principles. The Tribunal dismissed Revenue's appeals and did not address cross-objections, ordering the Revenue to pay costs to the respondent-assessee. Ultimately, both appeals and cross-objections were dismissed. en-us Tue, 02 Nov 1999 00:00:00 +0530 Thu, 25 Nov 2010 17:02:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55345 The Tribunal upheld the CIT(A)'s decision to delete additions for unexplained cash credits, confirming the loans' genuineness based on evidence from creditors. The Tribunal noted the lack of grounds for Revenue's appeals and dismissed them. Despite procedural flaws in reopening assessments without proper notices, the CIT(A) deleted the additions, emphasizing natural justice principles. The Tribunal dismissed Revenue's appeals and did not address cross-objections, ordering the Revenue to pay costs to the respondent-assessee. Ultimately, both appeals and cross-objections were dismissed. Case-Laws Income Tax Tue, 02 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55345