https://www.taxtmi.com/caselaws?id=19222 The court held in favor of the assessee, ruling that the cash credits in question were adequately explained and genuine. The court affirmed the decisions of the Commissioner of Income-tax (Appeals) and the Tribunal, stating that the assessee had successfully discharged the onus under section 68 of the Income-tax Act. The court emphasized that the Tribunal's findings were reasonable and based on relevant facts, concluding that the transactions were genuine. The judgment was in favor of the assessee and against the Revenue, with the case being disposed of accordingly. en-us Mon, 28 Aug 1995 00:00:00 +0530 Wed, 04 Nov 2009 16:52:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19222 The court held in favor of the assessee, ruling that the cash credits in question were adequately explained and genuine. The court affirmed the decisions of the Commissioner of Income-tax (Appeals) and the Tribunal, stating that the assessee had successfully discharged the onus under section 68 of the Income-tax Act. The court emphasized that the Tribunal's findings were reasonable and based on relevant facts, concluding that the transactions were genuine. The judgment was in favor of the assessee and against the Revenue, with the case being disposed of accordingly. Case-Laws Income Tax Mon, 28 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19222