https://www.taxtmi.com/caselaws?id=253153 The Tribunal upheld the deletion of additions made by the Assessing Officer under various heads, including unexplained cash credits, depreciation of fixed assets, administrative and manufacturing expenses, and the amount surrendered during a survey operation. The Tribunal found that the assessee had provided sufficient evidence to establish the genuineness of transactions and expenses, shifting the burden of proof to the Revenue, which failed to substantiate its claims. The CIT(A)'s orders were upheld, and the Revenue's appeal was dismissed on 28.01.2014. en-us Tue, 28 Jan 2014 00:00:00 +0530 Mon, 17 Nov 2014 06:14:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253153 The Tribunal upheld the deletion of additions made by the Assessing Officer under various heads, including unexplained cash credits, depreciation of fixed assets, administrative and manufacturing expenses, and the amount surrendered during a survey operation. The Tribunal found that the assessee had provided sufficient evidence to establish the genuineness of transactions and expenses, shifting the burden of proof to the Revenue, which failed to substantiate its claims. The CIT(A)'s orders were upheld, and the Revenue's appeal was dismissed on 28.01.2014. Case-Laws Income Tax Tue, 28 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253153