https://www.taxtmi.com/caselaws?id=758485 ITAT Dehradun dismissed Revenue's appeal regarding unexplained cash credits u/s 68. The assessee, a charitable society, received donations from a deceased donor. AO made additions suspecting the donor was a conduit based on his wife's statement about limited creditworthiness. CIT(A) deleted the addition noting the donor was separately assessed with no additions made. ITAT upheld CIT(A)'s decision, finding no corroborative evidence from searches to support conduit theory. The tribunal emphasized that suspicion alone, particularly regarding a charitable society's public utility work, cannot justify additions without concrete evidence. en-us Thu, 05 Sep 2024 00:00:00 +0530 Sat, 14 Sep 2024 08:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758485 ITAT Dehradun dismissed Revenue's appeal regarding unexplained cash credits u/s 68. The assessee, a charitable society, received donations from a deceased donor. AO made additions suspecting the donor was a conduit based on his wife's statement about limited creditworthiness. CIT(A) deleted the addition noting the donor was separately assessed with no additions made. ITAT upheld CIT(A)'s decision, finding no corroborative evidence from searches to support conduit theory. The tribunal emphasized that suspicion alone, particularly regarding a charitable society's public utility work, cannot justify additions without concrete evidence. Case-Laws Income Tax Thu, 05 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758485