https://www.taxtmi.com/caselaws?id=121123 The Tribunal upheld the CIT(A)'s decision to delete the addition under section 68 of Rs. 11,10,000 made by the Assessing Officer for the assessment year 2000-01. The Tribunal emphasized that the assessee had proven the identity of the creditors, their capacity, and the receipt of amounts through account payee cheques, meeting the initial onus under section 68. It was highlighted that the assessee was not required to prove the original source of funds. The appeal was dismissed, affirming the deletion of the addition. en-us Tue, 14 Nov 2006 00:00:00 +0530 Thu, 26 Jul 2012 17:28:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121123 The Tribunal upheld the CIT(A)'s decision to delete the addition under section 68 of Rs. 11,10,000 made by the Assessing Officer for the assessment year 2000-01. The Tribunal emphasized that the assessee had proven the identity of the creditors, their capacity, and the receipt of amounts through account payee cheques, meeting the initial onus under section 68. It was highlighted that the assessee was not required to prove the original source of funds. The appeal was dismissed, affirming the deletion of the addition. Case-Laws Income Tax Tue, 14 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121123