https://www.taxtmi.com/caselaws?id=314215 The appeal concerning additions under Section 68 of the Income Tax Act, 1961, was dismissed. The CIT (Appeals) and the Tribunal upheld the assessing officer's decision as the assessee failed to substantiate the genuineness of cash credit entries. The court emphasized the assessee's responsibility to provide evidence, which was not fulfilled. Consequently, the appeal was dismissed, favoring the department, as the assessee neither filed for additional evidence under Rule 46-A nor invoked the CIT (Appeals)' powers. en-us Wed, 22 Nov 2017 00:00:00 +0530 Sun, 26 May 2024 00:02:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314215 The appeal concerning additions under Section 68 of the Income Tax Act, 1961, was dismissed. The CIT (Appeals) and the Tribunal upheld the assessing officer's decision as the assessee failed to substantiate the genuineness of cash credit entries. The court emphasized the assessee's responsibility to provide evidence, which was not fulfilled. Consequently, the appeal was dismissed, favoring the department, as the assessee neither filed for additional evidence under Rule 46-A nor invoked the CIT (Appeals)' powers. Case-Laws Income Tax Wed, 22 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314215