https://www.taxtmi.com/caselaws?id=329315 The High Court upheld the Income Tax Appellate Tribunal's decision in favor of the assessee, dismissing the Tax Appeal by the revenue. The Court found that the assessee had provided satisfactory explanations for the deposits received, demonstrating compliance with the burden of proof requirements. The Tribunal's deletion of a substantial sum added by the Assessing Officer was upheld, emphasizing that the assessee's evidence sufficed to establish the legitimacy of the credits received. en-us Fri, 10 Jun 2016 00:00:00 +0530 Thu, 28 Jul 2016 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329315 The High Court upheld the Income Tax Appellate Tribunal's decision in favor of the assessee, dismissing the Tax Appeal by the revenue. The Court found that the assessee had provided satisfactory explanations for the deposits received, demonstrating compliance with the burden of proof requirements. The Tribunal's deletion of a substantial sum added by the Assessing Officer was upheld, emphasizing that the assessee's evidence sufficed to establish the legitimacy of the credits received. Case-Laws Income Tax Fri, 10 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329315