https://www.taxtmi.com/caselaws?id=295650 The Tribunal upheld the addition of a cash deposit of Rs. 25,00,000 in the assessee's bank account, dismissing the appeal. Despite the assessee's explanations attributing the deposits to bank errors, the Tribunal found insufficient evidence to prove the transactions' legitimacy. The Tribunal emphasized the assessee's failure to meet the burden of proof under Section 68 of the Act, confirming the Revenue's addition and ultimately dismissing the appeal on 14th November 2019. en-us Thu, 14 Nov 2019 00:00:00 +0530 Mon, 14 Jun 2021 09:07:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295650 The Tribunal upheld the addition of a cash deposit of Rs. 25,00,000 in the assessee's bank account, dismissing the appeal. Despite the assessee's explanations attributing the deposits to bank errors, the Tribunal found insufficient evidence to prove the transactions' legitimacy. The Tribunal emphasized the assessee's failure to meet the burden of proof under Section 68 of the Act, confirming the Revenue's addition and ultimately dismissing the appeal on 14th November 2019. Case-Laws Income Tax Thu, 14 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295650