https://www.taxtmi.com/caselaws?id=237001 The Tribunal allowed the appeal, deleting the addition of Rs. 2,18,50,000 under Section 68 of the Income Tax Act as unexplained cash credit. The Tribunal found the assessee had provided satisfactory evidence, shifting the burden to the Revenue, which failed to rebut the evidence. The Tribunal concluded that the addition was unjustified, emphasizing the independent source of funds and the lack of adverse material provided by the Revenue. en-us Fri, 21 Jun 2013 00:00:00 +0530 Mon, 16 Sep 2013 08:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237001 The Tribunal allowed the appeal, deleting the addition of Rs. 2,18,50,000 under Section 68 of the Income Tax Act as unexplained cash credit. The Tribunal found the assessee had provided satisfactory evidence, shifting the burden to the Revenue, which failed to rebut the evidence. The Tribunal concluded that the addition was unjustified, emphasizing the independent source of funds and the lack of adverse material provided by the Revenue. Case-Laws Income Tax Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237001