https://www.taxtmi.com/caselaws?id=20631 The High Court upheld the decisions of the Appellate Tribunal in favor of the trading Hindu undivided family assessee. The Court affirmed the deletion of Rs. 85,000 as unexplained cash credit and Rs. 6,000 for each of the two years as interest on cash credits. It emphasized that the burden of proof lies on the assessee to demonstrate the genuineness of entries, and in this case, the evidence presented was deemed satisfactory. The Court highlighted the importance of evidence and burden of proof in tax matters. en-us Tue, 27 Apr 1993 00:00:00 +0530 Mon, 16 Nov 2009 12:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20631 The High Court upheld the decisions of the Appellate Tribunal in favor of the trading Hindu undivided family assessee. The Court affirmed the deletion of Rs. 85,000 as unexplained cash credit and Rs. 6,000 for each of the two years as interest on cash credits. It emphasized that the burden of proof lies on the assessee to demonstrate the genuineness of entries, and in this case, the evidence presented was deemed satisfactory. The Court highlighted the importance of evidence and burden of proof in tax matters. Case-Laws Income Tax Tue, 27 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20631