https://www.taxtmi.com/caselaws?id=182078 The Tribunal allowed the assessee's appeal and deleted the addition of unexplained cash credit, citing the inadequacy of the AO's inquiry and failure to explore options to procure absent applicants. The CIT(A)'s decision to delete the addition for produced persons but confirm for absent ones was upheld, emphasizing the assessee's fulfillment of the burden under section 68 of the Income Tax Act. As a result, the assessee's appeal was allowed, and the revenue's appeal was dismissed. en-us Fri, 16 Jul 2010 00:00:00 +0530 Mon, 02 May 2016 13:24:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182078 The Tribunal allowed the assessee's appeal and deleted the addition of unexplained cash credit, citing the inadequacy of the AO's inquiry and failure to explore options to procure absent applicants. The CIT(A)'s decision to delete the addition for produced persons but confirm for absent ones was upheld, emphasizing the assessee's fulfillment of the burden under section 68 of the Income Tax Act. As a result, the assessee's appeal was allowed, and the revenue's appeal was dismissed. Case-Laws Income Tax Fri, 16 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182078