https://www.taxtmi.com/highlights?id=76582 Unexplained cash credit u/s 68 - onus to prove source of cash - The Tribunal found that the assessee's business model of currency exchange was genuine, supported by evidence from previous assessments, cash book entries, and balance sheet figures. Therefore, the addition on cash deposits was deleted. Additionally, the challenge to the validity of jurisdiction became irrelevant after the Tribunal granted relief to the assessee on merits. en-us Sat, 13 Apr 2024 09:39:31 +0530 Sat, 13 Apr 2024 09:39:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76582 Unexplained cash credit u/s 68 - onus to prove source of cash - The Tribunal found that the assessee's business model of currency exchange was genuine, supported by evidence from previous assessments, cash book entries, and balance sheet figures. Therefore, the addition on cash deposits was deleted. Additionally, the challenge to the validity of jurisdiction became irrelevant after the Tribunal granted relief to the assessee on merits. Highlights Income Tax Sat, 13 Apr 2024 09:39:31 +0530 https://www.taxtmi.com/highlights?id=76582