https://www.taxtmi.com/caselaws?id=67728 The Tribunal allowed the appeal, holding that the assessee had proven the genuineness of the cash credit by establishing the identity and capacity of the creditor and the legitimate source of the deposit. The Tribunal emphasized the importance of proving the transaction leading to a cash credit and shifted the burden to the Revenue, which failed to rebut the assessee's case. As a result, the addition of Rs. 9,000 as a cash credit in the assessee's books for the assessment year 1975-76 was deleted. en-us Wed, 14 May 1980 00:00:00 +0530 Mon, 14 Mar 2011 12:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67728 The Tribunal allowed the appeal, holding that the assessee had proven the genuineness of the cash credit by establishing the identity and capacity of the creditor and the legitimate source of the deposit. The Tribunal emphasized the importance of proving the transaction leading to a cash credit and shifted the burden to the Revenue, which failed to rebut the assessee's case. As a result, the addition of Rs. 9,000 as a cash credit in the assessee's books for the assessment year 1975-76 was deleted. Case-Laws Income Tax Wed, 14 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67728