Section 68 of the Income Tax Act, 1961 — Cash Credit — It is evident from section 68 that where the assessee offers no explanation about the nature and source of the cash credit or the explanation offered by him is not in the opinion of the AO, satisfactory, such cash Credit is liable to be charged to Income Tax as the income of the assessee of the previous year and the assessee has to offer the explanation and produce the material in support of his explanation and only in such a case the onus shifts  to the revenue to scrutinize the material and form an opinion on the basis thereof. Addition made in the income of the assessee was justified as onus was on the assessee to offer the explanation regarding the cash credit and assessee fails to offer reasonable explanation — Sriman Securities Inv Fin Ltd. vs. Deputy Commissioner of Income tax [2018]  408 ITR 397 (T&AP)