https://www.taxtmi.com/caselaws?id=334427 The Tribunal overturned the deletion of an addition made under section 68 for unexplained cash credit. The Tribunal held that the assessee failed to adequately address concerns raised by the AO regarding the authenticity of the claim and did not provide sufficient evidence to counter doubts. Emphasizing the initial burden on the assessee under section 68, the Tribunal reversed the CIT(A)'s decision, restoring the AO's order. Citing precedents, the Tribunal highlighted that mere filing of documents does not discharge the burden of proof, ultimately allowing the Revenue's appeal and reinstating the addition. en-us Fri, 09 Sep 2016 00:00:00 +0530 Mon, 14 Nov 2016 11:19:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334427 The Tribunal overturned the deletion of an addition made under section 68 for unexplained cash credit. The Tribunal held that the assessee failed to adequately address concerns raised by the AO regarding the authenticity of the claim and did not provide sufficient evidence to counter doubts. Emphasizing the initial burden on the assessee under section 68, the Tribunal reversed the CIT(A)'s decision, restoring the AO's order. Citing precedents, the Tribunal highlighted that mere filing of documents does not discharge the burden of proof, ultimately allowing the Revenue's appeal and reinstating the addition. Case-Laws Income Tax Fri, 09 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334427