Assessee Validates Cash Credits Legitimacy u/s 68; CIT(A) and ITAT Confirm Burden of Proof Met.

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....Unexplained cash credit u/s 68 - both CIT(A)and ITAT had found that assessee had discharged his burden of explaining the genuineness of the cash credits in his account by providing confirmation and the source of funds and certificate from the assessee's bank - in similar circumstances, AO and Settlement Commission accepted transactions during the previous years to be genuine - no question of law arises....