https://www.taxtmi.com/caselaws?id=327262 The Tribunal upheld the CIT(A)'s decision to delete all additions made by the AO, including unexplained cash credits, bank commission, commission received, freight bill reimbursements, security deposits, unrecorded purchases and sales, carriage inward expenses, proportionate GP, and debit entries. The Tribunal emphasized the lack of reliable evidence provided by the Revenue to support the additions, highlighting the unilateral nature of the records relied upon. The burden of proof to establish taxable income was not met by the Revenue in this case. en-us Wed, 23 Mar 2016 00:00:00 +0530 Sat, 07 May 2016 11:16:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327262 The Tribunal upheld the CIT(A)'s decision to delete all additions made by the AO, including unexplained cash credits, bank commission, commission received, freight bill reimbursements, security deposits, unrecorded purchases and sales, carriage inward expenses, proportionate GP, and debit entries. The Tribunal emphasized the lack of reliable evidence provided by the Revenue to support the additions, highlighting the unilateral nature of the records relied upon. The burden of proof to establish taxable income was not met by the Revenue in this case. Case-Laws Income Tax Wed, 23 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327262