https://www.taxtmi.com/caselaws?id=248170 ITAT Jodhpur reiterated that an addition under section 68 cannot survive where creditors file affidavits and confirmations supporting the source of cash credits and the Assessing Officer brings no contrary material or rebuttal. It also held that a general disallowance of trading expenses is not sustainable when the books are not rejected and no specific inadmissible item is identified. On low household withdrawals, the addition based only on estimate and surmise was likewise deleted for lack of supporting evidence. The commentary states that all three issues were decided against the Revenue on merits. en-us Tue, 13 May 2014 00:00:00 +0530 Wed, 04 Jun 2014 08:48:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248170 ITAT Jodhpur reiterated that an addition under section 68 cannot survive where creditors file affidavits and confirmations supporting the source of cash credits and the Assessing Officer brings no contrary material or rebuttal. It also held that a general disallowance of trading expenses is not sustainable when the books are not rejected and no specific inadmissible item is identified. On low household withdrawals, the addition based only on estimate and surmise was likewise deleted for lack of supporting evidence. The commentary states that all three issues were decided against the Revenue on merits. Case-Laws Income Tax Tue, 13 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248170