https://www.taxtmi.com/caselaws?id=435381 The Tribunal upheld the CIT(A)'s decision, dismissing the assessee's appeal and confirming the addition of Rs. 15,00,000/- as undisclosed income. The assessee failed to prove the genuineness and creditworthiness of the transaction, leading to the rejection of the appeal. The burden of proof under section 68 rests on the assessee, and the failure to meet this burden results in the amount being treated as income. en-us Tue, 14 Mar 2023 00:00:00 +0530 Sat, 18 Mar 2023 08:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435381 The Tribunal upheld the CIT(A)'s decision, dismissing the assessee's appeal and confirming the addition of Rs. 15,00,000/- as undisclosed income. The assessee failed to prove the genuineness and creditworthiness of the transaction, leading to the rejection of the appeal. The burden of proof under section 68 rests on the assessee, and the failure to meet this burden results in the amount being treated as income. Case-Laws Income Tax Tue, 14 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435381