Assessee fails to explain source of such Cash Deposits- Section 68 Additions justified

Manish Kumar Mukim Vs ITO (ITAT Jaipur) The issue under consideration is whether the addition made u/s 68 by treating the cash deposit in the bank account as unexplained income is justified in law? ITAT states that the assessee has to prima facie prove the identity of the creditor/subscriber, the genuineness of the transaction, namely, whether it has been transmitted through banking or other indisputable channels, the creditworthiness or financial strength of the creditor/subscriber. If relevant details of the address or PAN identity of the creditor/subscriber are furnished to the Department i...