Addition u/s 68 - credit entries reflecting creditors for ...

Assessee Fails to Prove Creditor Identity and Transaction Authenticity u/s 68; Credit Entries Added to Taxable Income.

October 22, 2022

Case Laws Income Tax AT

Addition u/s 68 - credit entries reflecting creditors for purchases of goods - The onus is on the assessee to prove the identity of these persons, the means of these persons to have allowed these credits to the assessee, and the genuineness of the transactions leading to these credits. On each of these counts, the assessee has miserably failed in discharging his onus. - AT

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Addition u/s 68 - credit entries reflecting creditors for ...

Assessee Fails to Prove Creditor Identity and Transaction Authenticity u/s 68; Credit Entries Added to Taxable Income.

October 22, 2022

Case Laws Income Tax AT

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