https://www.taxtmi.com/caselaws?id=26484 The court ruled in favor of the Revenue on both issues. It held that the Revenue could dispute the genuineness of cash credits despite the voluntary disclosure scheme, emphasizing the assessee's obligation to prove the source of income. Additionally, the court found that the assessee failed to provide a satisfactory explanation for the source of deposits credited in the names of minors, thus not discharging the burden of proof under section 68 of the Income-tax Act. The court directed the matter back to the Tribunal for a fresh assessment based on its rulings. No costs were imposed on the assessee. en-us Wed, 28 Aug 1985 00:00:00 +0530 Fri, 05 Feb 2010 13:17:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26484 The court ruled in favor of the Revenue on both issues. It held that the Revenue could dispute the genuineness of cash credits despite the voluntary disclosure scheme, emphasizing the assessee's obligation to prove the source of income. Additionally, the court found that the assessee failed to provide a satisfactory explanation for the source of deposits credited in the names of minors, thus not discharging the burden of proof under section 68 of the Income-tax Act. The court directed the matter back to the Tribunal for a fresh assessment based on its rulings. No costs were imposed on the assessee. Case-Laws Income Tax Wed, 28 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26484