https://www.taxtmi.com/caselaws?id=62916 The Tribunal allowed the appeal, deleting the aggregate addition of Rs. 1,15,000, finding that the assessee had sufficiently proven the genuineness of the cash credits. The Tribunal criticized the Income-tax Officer and the CIT (Appeals) for relying on suspicion rather than concrete evidence, noting that the assessee had met the burden of proof. Legal precedents cited also supported the assessee's position. en-us Tue, 29 Oct 1996 00:00:00 +0530 Sat, 22 Jan 2011 15:21:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62916 The Tribunal allowed the appeal, deleting the aggregate addition of Rs. 1,15,000, finding that the assessee had sufficiently proven the genuineness of the cash credits. The Tribunal criticized the Income-tax Officer and the CIT (Appeals) for relying on suspicion rather than concrete evidence, noting that the assessee had met the burden of proof. Legal precedents cited also supported the assessee's position. Case-Laws Income Tax Tue, 29 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62916