https://www.taxtmi.com/caselaws?id=432051 HC upheld the addition under Section 68 of the Income Tax Act, finding that the assessee disclosed the source but failed to establish the nature and genuineness of the deposits. The court held that the three conditions required to be proved by the assessee under s.68 were not satisfied, so the burden did not shift to the revenue and the amounts credited could be treated as income. No substantial question of law arose for consideration. en-us Thu, 17 Nov 2022 00:00:00 +0530 Sat, 18 Oct 2025 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432051 HC upheld the addition under Section 68 of the Income Tax Act, finding that the assessee disclosed the source but failed to establish the nature and genuineness of the deposits. The court held that the three conditions required to be proved by the assessee under s.68 were not satisfied, so the burden did not shift to the revenue and the amounts credited could be treated as income. No substantial question of law arose for consideration. Case-Laws Income Tax Thu, 17 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432051