https://www.taxtmi.com/caselaws?id=434973 The Tribunal upheld the CIT(A)'s decisions to delete additions made under Section 68 for unexplained cash credits and for unexplained cash seized during a search operation. The Tribunal found that the assessee had provided sufficient evidence to establish the identity, genuineness, and creditworthiness of the transactions, shifting the burden of proof to the Revenue. The appeals filed by the Revenue for the relevant assessment years were dismissed. en-us Fri, 03 Mar 2023 00:00:00 +0530 Tue, 07 Mar 2023 14:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434973 The Tribunal upheld the CIT(A)'s decisions to delete additions made under Section 68 for unexplained cash credits and for unexplained cash seized during a search operation. The Tribunal found that the assessee had provided sufficient evidence to establish the identity, genuineness, and creditworthiness of the transactions, shifting the burden of proof to the Revenue. The appeals filed by the Revenue for the relevant assessment years were dismissed. Case-Laws Income Tax Fri, 03 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434973