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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Degree of burden under section 68 upon the assessee is to prima ...


Assessee Must Prove Nature and Source of Credit u/s 68: Identity, Creditworthiness, and Transaction Genuineness Required.

April 15, 2016

Case Laws     Income Tax     AT

Degree of burden under section 68 upon the assessee is to prima facie prove the nature of credit and then source which has to be proved by showing the identity, creditworthiness and genuineness of the transaction - AT

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