https://www.taxtmi.com/caselaws?id=418662 The Tribunal allowed the appeal, ruling in favor of the assessee. The delay in filing the appeal was condoned, and the addition of unsecured loans as cash credit was deemed unjustified and subsequently deleted. The Tribunal emphasized the importance of establishing the genuineness of transactions and upheld the principle that the assessee need not prove the source of the source when the primary onus is discharged satisfactorily. en-us Mon, 29 Nov 2021 00:00:00 +0530 Tue, 22 Feb 2022 07:23:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418662 The Tribunal allowed the appeal, ruling in favor of the assessee. The delay in filing the appeal was condoned, and the addition of unsecured loans as cash credit was deemed unjustified and subsequently deleted. The Tribunal emphasized the importance of establishing the genuineness of transactions and upheld the principle that the assessee need not prove the source of the source when the primary onus is discharged satisfactorily. Case-Laws Income Tax Mon, 29 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418662