https://www.taxtmi.com/caselaws?id=66194 The Tribunal allowed the departmental appeal, restoring the Income-tax Officer's addition of Rs. 1,00,000 as unexplained cash credits. The burden of proof lies with the assessee to establish the genuineness of the cash credits, and the evidence presented did not sufficiently discharge this burden. The cumulative effect of the suspicious features and lack of proper evidence led to the conclusion that the loans were not genuine. en-us Fri, 31 Jul 1987 00:00:00 +0530 Tue, 22 Feb 2011 10:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66194 The Tribunal allowed the departmental appeal, restoring the Income-tax Officer's addition of Rs. 1,00,000 as unexplained cash credits. The burden of proof lies with the assessee to establish the genuineness of the cash credits, and the evidence presented did not sufficiently discharge this burden. The cumulative effect of the suspicious features and lack of proper evidence led to the conclusion that the loans were not genuine. Case-Laws Income Tax Fri, 31 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66194