https://www.taxtmi.com/caselaws?id=79006 The High Court held that the assessee failed to prove the genuineness of cash credits under Section 68 of the Income Tax Act. Despite the CIT(A) and Tribunal's acceptance of evidence from Mr. Patel, the High Court found the assessee did not establish the identity of creditors or the authenticity of transactions. The Court ruled in favor of the Revenue, stating that the assessee did not meet the burden of proof required under Section 68. en-us Tue, 21 Sep 2010 00:00:00 +0530 Wed, 29 Dec 2010 22:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=79006 The High Court held that the assessee failed to prove the genuineness of cash credits under Section 68 of the Income Tax Act. Despite the CIT(A) and Tribunal's acceptance of evidence from Mr. Patel, the High Court found the assessee did not establish the identity of creditors or the authenticity of transactions. The Court ruled in favor of the Revenue, stating that the assessee did not meet the burden of proof required under Section 68. Case-Laws Income Tax Tue, 21 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=79006