https://www.taxtmi.com/caselaws?id=118840 The revenue's appeal against the deletion of unexplained cash credits and interest additions for the assessment year 1993-94 was allowed by the Tribunal. The Tribunal set aside the previous decisions and orders, directing reassessment by the Assessing Officer to provide the assessee with a final opportunity to substantiate the legitimacy of the cash credits. Legal principles emphasizing the burden of proof on the assessee in cases of cash credits were discussed, and the Tribunal differentiated the present case from previous decisions based on creditor identity, capacity, and credit genuineness. en-us Wed, 07 Sep 2005 00:00:00 +0530 Fri, 06 Jul 2012 11:56:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118840 The revenue's appeal against the deletion of unexplained cash credits and interest additions for the assessment year 1993-94 was allowed by the Tribunal. The Tribunal set aside the previous decisions and orders, directing reassessment by the Assessing Officer to provide the assessee with a final opportunity to substantiate the legitimacy of the cash credits. Legal principles emphasizing the burden of proof on the assessee in cases of cash credits were discussed, and the Tribunal differentiated the present case from previous decisions based on creditor identity, capacity, and credit genuineness. Case-Laws Income Tax Wed, 07 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118840