Assessee has raised the ground that the Assessing Officer & the CIT(A) ought to have found that the subsequent events have amply proved that The Appellant owed a sum of Rs. 5,75,000/- to his son-in-law and repaid it to Mrs.Shiny Ruban as requested by Mr.Ruban Thomas andthe authorities ought to have allowed the balance amount of Rs. 3 lakhs also towards litigation expenses since huge amount of expenses was incurred in recoverying the amount from Mr.Prasad who resides in a distant place in another State, especially when the Appellant produced all available documents relating to litigation.For these and other grounds that may be urged at the time of hearing, it is humbly prayed that the addition of Rs. 8,75,000/- made in the assessment may be deleted.
Sec. 68 of Income Tax Act, 1961—Cash Credit— Additions made were sustained because the assessee has failed to furnish the documents relating to the criminal proceedings neither before the Income Tax Authorities nor before the ITAT. - N.S. JOHN V/s ITO -  28 ITCD Online 017 (ITAT-COCHIN)