https://www.taxtmi.com/caselaws?id=779587 ITAT held that the sum credited by the employer to the taxpayer's account constituted salary and not a deemed dividend under s. 2(22)(e), so no addition was warranted. The tribunal also found that once the taxpayer offered an explanation for the impugned cash credit, the AO failed to discharge the onus of proving otherwise; additions under s. 68 (and s. 69A) were therefore unjustified and deleted. The taxpayer's appeal was allowed. en-us Mon, 06 Oct 2025 00:00:00 +0530 Wed, 08 Oct 2025 08:48:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779587 ITAT held that the sum credited by the employer to the taxpayer's account constituted salary and not a deemed dividend under s. 2(22)(e), so no addition was warranted. The tribunal also found that once the taxpayer offered an explanation for the impugned cash credit, the AO failed to discharge the onus of proving otherwise; additions under s. 68 (and s. 69A) were therefore unjustified and deleted. The taxpayer's appeal was allowed. Case-Laws Income Tax Mon, 06 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779587