https://www.taxtmi.com/caselaws?id=334633 The Tribunal allowed the appeal, ruling in favor of the assessee. The addition of Rs. 78 lakh as unexplained cash credit under Section 68 of the Income Tax Act was deleted. The Tribunal held that the assessee had provided necessary details, shifting the burden of proof to the Department, which failed to conduct a thorough investigation. Legal precedents emphasized the AO's obligation to verify subscriptions. The decision was made on 28/07/2016. en-us Wed, 07 Sep 2016 00:00:00 +0530 Mon, 14 Nov 2016 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334633 The Tribunal allowed the appeal, ruling in favor of the assessee. The addition of Rs. 78 lakh as unexplained cash credit under Section 68 of the Income Tax Act was deleted. The Tribunal held that the assessee had provided necessary details, shifting the burden of proof to the Department, which failed to conduct a thorough investigation. Legal precedents emphasized the AO's obligation to verify subscriptions. The decision was made on 28/07/2016. Case-Laws Income Tax Wed, 07 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334633