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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Unexplained unsecured loan - By furnishing confirmation with ...

Case Laws     Income Tax

February 24, 2014

Unexplained unsecured loan - By furnishing confirmation with Pan, primary onus is discharged by the appellant - Onus thereafter shifts to the Assessing Officer to make further investigation and prove the credit non-genuine - AT

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  9. Unexplained investment - Primary onus - The assessee has deposited cash in its ICICI Bank account on various occasions, and onus is very heavy on assessee to explain...

  10. Addition u/s 68 - unsecured loan - unexplained cash credit - the assessee has discharged the primary onus by proving the identity of the creditor, genuineness of the...

  11. Addition u/s 68 - unsecured loans - the AO did not acknowledge the confirmation along with PAN number, ITR and bank account of the appellant which were very relevant...

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