https://www.taxtmi.com/caselaws?id=339590 The Court set aside the Tribunal's orders in favor of the Revenue, ruling that the deletion of unexplained credits and service charge additions by the Tribunal was unsustainable. The Tribunal erred in shifting the burden of proof entirely to the Revenue for unexplained credits and justifying the cash system of accounting for service charges, contrary to the mercantile system. The Court emphasized the need for transparent fund transactions and adherence to accounting principles, ultimately disposing of the appeals in favor of the Revenue. en-us Wed, 25 Jan 2017 00:00:00 +0530 Sat, 13 May 2017 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339590 The Court set aside the Tribunal's orders in favor of the Revenue, ruling that the deletion of unexplained credits and service charge additions by the Tribunal was unsustainable. The Tribunal erred in shifting the burden of proof entirely to the Revenue for unexplained credits and justifying the cash system of accounting for service charges, contrary to the mercantile system. The Court emphasized the need for transparent fund transactions and adherence to accounting principles, ultimately disposing of the appeals in favor of the Revenue. Case-Laws Income Tax Wed, 25 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339590