https://www.taxtmi.com/caselaws?id=174637 The Supreme Court held that if the identity of the subscribers is established, no addition can be made under section 68. The Tribunal upheld the decision, emphasizing that the assessee is not obliged to prove the source of source. The disallowance of depreciation on plant & machinery was deleted as evidence showed installation and use before the specified date. The addition of cash deposits as unexplained income was also deleted due to proper recording and lack of discrepancies. Disallowances of advertisement, repair, and ISO certification expenses were overturned. The revenue's appeal was dismissed. en-us Wed, 18 Apr 2012 00:00:00 +0530 Tue, 13 Oct 2015 16:00:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174637 The Supreme Court held that if the identity of the subscribers is established, no addition can be made under section 68. The Tribunal upheld the decision, emphasizing that the assessee is not obliged to prove the source of source. The disallowance of depreciation on plant & machinery was deleted as evidence showed installation and use before the specified date. The addition of cash deposits as unexplained income was also deleted due to proper recording and lack of discrepancies. Disallowances of advertisement, repair, and ISO certification expenses were overturned. The revenue's appeal was dismissed. Case-Laws Income Tax Wed, 18 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174637