https://www.taxtmi.com/caselaws?id=334940 The ITAT partially allowed the Assessee's appeal, directing the deletion of certain cash deposit additions made under section 68 of the Income Tax Act. The ITAT found the explanations provided by the Assessee regarding the source of the cash deposits to be satisfactory, shifting the burden of proof to the revenue authorities. Disputed amounts claimed as reimbursement were also deleted due to lack of proper verification and unfair assessment practices. The ITAT emphasized the need for concrete evidence before making additions to the Assessee's income. en-us Fri, 30 Sep 2016 00:00:00 +0530 Wed, 23 Nov 2016 15:44:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334940 The ITAT partially allowed the Assessee's appeal, directing the deletion of certain cash deposit additions made under section 68 of the Income Tax Act. The ITAT found the explanations provided by the Assessee regarding the source of the cash deposits to be satisfactory, shifting the burden of proof to the revenue authorities. Disputed amounts claimed as reimbursement were also deleted due to lack of proper verification and unfair assessment practices. The ITAT emphasized the need for concrete evidence before making additions to the Assessee's income. Case-Laws Income Tax Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334940