https://www.taxtmi.com/caselaws?id=212435 The appeal was filed against the order of the Income-tax Appellate Tribunal regarding unexplained cash credit under section 68 of the Income-tax Act. The Commissioner of Income-tax (Appeals) found that the amount in question was not unexplained, as proper books of account were maintained and supported by evidence. The burden of proof was deemed to have been adequately discharged by the assessee, and compliance with the requirements of section 68 was upheld. Consequently, the court dismissed the appeal, affirming the findings of the authorities regarding the genuineness of the transaction and the capacity of the parties involved. en-us Thu, 31 Mar 2011 00:00:00 +0530 Tue, 25 Jun 2013 19:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212435 The appeal was filed against the order of the Income-tax Appellate Tribunal regarding unexplained cash credit under section 68 of the Income-tax Act. The Commissioner of Income-tax (Appeals) found that the amount in question was not unexplained, as proper books of account were maintained and supported by evidence. The burden of proof was deemed to have been adequately discharged by the assessee, and compliance with the requirements of section 68 was upheld. Consequently, the court dismissed the appeal, affirming the findings of the authorities regarding the genuineness of the transaction and the capacity of the parties involved. Case-Laws Income Tax Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212435