The Court held that the assessee discharged the burden by explaining the source, identity of creditor and genuineness of the Transaction. Deletion of addition is held to be justified. (AY.2004 -05)
CIT v. T. B. Kunhimahin Haji and others. (2019) 415 ITR 491 (Ker.)(HC)
S. 68 : Cash Credits-Source of fund explained–Burden discharged -Deletion of addition is held to be justified.