https://www.taxtmi.com/caselaws?id=185480 The Court upheld the decision of the Tribunal regarding the addition of unexplained cash credit under section 68 of the Income Tax Act, 1961. The appellant failed to provide sufficient evidence to prove the genuineness of the transactions, identity of the creditors, and their creditworthiness. The Court emphasized the appellant's failure to discharge the burden of proof required by law, leading to the dismissal of the Tax Appeal and confirmation of the additions made by the revenue authorities. en-us Tue, 25 Sep 2012 00:00:00 +0530 Mon, 16 Apr 2018 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185480 The Court upheld the decision of the Tribunal regarding the addition of unexplained cash credit under section 68 of the Income Tax Act, 1961. The appellant failed to provide sufficient evidence to prove the genuineness of the transactions, identity of the creditors, and their creditworthiness. The Court emphasized the appellant's failure to discharge the burden of proof required by law, leading to the dismissal of the Tax Appeal and confirmation of the additions made by the revenue authorities. Case-Laws Income Tax Tue, 25 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185480