https://www.taxtmi.com/caselaws?id=55832 The Tribunal dismissed the Revenue's appeal, upholding the decision that the assessee successfully explained the cash credits, shifting the burden to the Revenue to disprove the genuineness of the transactions or the financial capability of the creditors. As the Revenue failed to provide evidence discrediting the transactions, the addition to the income was deemed unjustified, confirming the CIT (A) order. en-us Wed, 28 Jan 1981 00:00:00 +0530 Tue, 30 Nov 2010 13:15:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55832 The Tribunal dismissed the Revenue's appeal, upholding the decision that the assessee successfully explained the cash credits, shifting the burden to the Revenue to disprove the genuineness of the transactions or the financial capability of the creditors. As the Revenue failed to provide evidence discrediting the transactions, the addition to the income was deemed unjustified, confirming the CIT (A) order. Case-Laws Income Tax Wed, 28 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55832