https://www.taxtmi.com/caselaws?id=241388 The Tribunal reversed the Commissioner's decision and upheld the Assessing Officer's order, allowing the Revenue's appeal against the deletion of the addition of unexplained cash credits under section 68 of the Income-tax Act for the assessment year 2005-06. The Tribunal emphasized the burden of proof on the assessee to establish the legitimacy of transactions and the necessity to provide comprehensive evidence to support claims, ultimately ruling in favor of the Revenue in this case. en-us Mon, 11 Mar 2013 00:00:00 +0530 Mon, 23 Dec 2013 10:05:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241388 The Tribunal reversed the Commissioner's decision and upheld the Assessing Officer's order, allowing the Revenue's appeal against the deletion of the addition of unexplained cash credits under section 68 of the Income-tax Act for the assessment year 2005-06. The Tribunal emphasized the burden of proof on the assessee to establish the legitimacy of transactions and the necessity to provide comprehensive evidence to support claims, ultimately ruling in favor of the Revenue in this case. Case-Laws Income Tax Mon, 11 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241388