https://www.taxtmi.com/caselaws?id=466542 Addition under section 68 for cash deposited during demonetisation was examined on whether Income Declaration Scheme (IDS) evidence established source; the tribunal found IDS statutory records admissible and sufficient to meet the assessee's burden on identity, genuineness and creditworthiness, and therefore set aside the addition. Separate additions treating new unsecured loans as unexplained were also rejected because no adverse features were identified in documents, remand proceedings reported none, and revenue failed to controvert the evidence. Result: all additions by the assessing officer were held unsustainable and relief granted to the taxpayer. en-us Thu, 27 Feb 2025 00:00:00 +0530 Wed, 11 Feb 2026 20:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466542 Addition under section 68 for cash deposited during demonetisation was examined on whether Income Declaration Scheme (IDS) evidence established source; the tribunal found IDS statutory records admissible and sufficient to meet the assessee's burden on identity, genuineness and creditworthiness, and therefore set aside the addition. Separate additions treating new unsecured loans as unexplained were also rejected because no adverse features were identified in documents, remand proceedings reported none, and revenue failed to controvert the evidence. Result: all additions by the assessing officer were held unsustainable and relief granted to the taxpayer. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466542