https://www.taxtmi.com/caselaws?id=205209 The High Court set aside the Tribunal's decision to delete the addition of Rs.17,19,000 under Section 68 of the Income Tax Act, stating it was based on non-existent material. The Court remitted the matter back to the Tribunal for fresh proceedings, emphasizing the lack of material evidence to support the claim that the amount was derived from land sale proceeds. The Court agreed with the revenue that the assessee failed to discharge the burden of proof regarding the source of the cash deposit, leading to the decision to overturn the Tribunal's ruling. en-us Wed, 16 Feb 2011 00:00:00 +0530 Tue, 07 Jun 2011 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205209 The High Court set aside the Tribunal's decision to delete the addition of Rs.17,19,000 under Section 68 of the Income Tax Act, stating it was based on non-existent material. The Court remitted the matter back to the Tribunal for fresh proceedings, emphasizing the lack of material evidence to support the claim that the amount was derived from land sale proceeds. The Court agreed with the revenue that the assessee failed to discharge the burden of proof regarding the source of the cash deposit, leading to the decision to overturn the Tribunal's ruling. Case-Laws Income Tax Wed, 16 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205209