https://www.taxtmi.com/caselaws?id=71008 The Tribunal, by majority view, held that the assessee had successfully proven the genuineness of the cash credits under section 68 of the Income-tax Act. The CIT(A)'s decision to delete the addition of Rs. 1,25,000 was upheld, dismissing the Departmental appeal and allowing the Cross Objection supporting the CIT(A)'s order. The Third Member concluded that the burden of proof had shifted to the revenue, and there was no need for remand as the evidence presented was deemed sufficient to establish the legitimacy of the cash credits. en-us Mon, 12 May 1997 00:00:00 +0530 Fri, 21 Jun 2013 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71008 The Tribunal, by majority view, held that the assessee had successfully proven the genuineness of the cash credits under section 68 of the Income-tax Act. The CIT(A)'s decision to delete the addition of Rs. 1,25,000 was upheld, dismissing the Departmental appeal and allowing the Cross Objection supporting the CIT(A)'s order. The Third Member concluded that the burden of proof had shifted to the revenue, and there was no need for remand as the evidence presented was deemed sufficient to establish the legitimacy of the cash credits. Case-Laws Income Tax Mon, 12 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71008