Burden of Proof on Revenue after Assessee Submits Evidence: ITAT Ahmedabad

Mohmmadharoon Babubhai Shaikh Vs ITO (ITAT Ahmedabad) Once assessee places primary evidence substantiating source the onus shifts on Revenue to rebut the same with cogent material Ahmedabad ITAT has deleted an addition made u/s 68 in respect of cash deposits during the demonetisation period, accepting  Assessee’s explanation that the source was genuine agricultural income. Assessee, an individual, derived income from agriculture &  filed return declaring total income of  Rs 2,33,290/-. During the demonetisation period (08.11.2016 to 31.12.2016), he deposited  Rs 12,05,500 in Spec...