https://www.taxtmi.com/caselaws?id=251057 The Tribunal found in favor of the assessee in both cases, ruling that the additions of Rs. 2 crores and Rs. 70 lakhs as undisclosed income under Section 68 of the Income Tax Act were unsustainable. The Tribunal highlighted the importance of allowing cross-examination of witnesses and determined that the initial burden of proof regarding the nature and source of the credits was met by the assessee through substantial documentary evidence. Consequently, the additions were deleted due to the unreliable and inadmissible evidence relied upon by the Assessing Officer. en-us Thu, 28 Aug 2014 00:00:00 +0530 Wed, 03 Sep 2014 08:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251057 The Tribunal found in favor of the assessee in both cases, ruling that the additions of Rs. 2 crores and Rs. 70 lakhs as undisclosed income under Section 68 of the Income Tax Act were unsustainable. The Tribunal highlighted the importance of allowing cross-examination of witnesses and determined that the initial burden of proof regarding the nature and source of the credits was met by the assessee through substantial documentary evidence. Consequently, the additions were deleted due to the unreliable and inadmissible evidence relied upon by the Assessing Officer. Case-Laws Income Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251057