https://www.taxtmi.com/caselaws?id=210531 The Tribunal upheld the addition of Rs. 3,00,000/- as unexplained cash credit under Section 68 of the Income Tax Act. The assessee failed to produce donors for verification despite providing documentation, leading the AO to deem the gifts as bogus. The Tribunal ruled that the assessee did not meet the burden of proof, affirming the CIT(A)'s decision and dismissing the appeal. en-us Fri, 23 Sep 2011 00:00:00 +0530 Tue, 14 Feb 2012 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210531 The Tribunal upheld the addition of Rs. 3,00,000/- as unexplained cash credit under Section 68 of the Income Tax Act. The assessee failed to produce donors for verification despite providing documentation, leading the AO to deem the gifts as bogus. The Tribunal ruled that the assessee did not meet the burden of proof, affirming the CIT(A)'s decision and dismissing the appeal. Case-Laws Income Tax Fri, 23 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210531