Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
Addition u/s 68 - unsecured cash credit - initial burden to prove identity, genuineness of the transactions and creditworthiness of the creditor - the identity of the creditors was proved by some material, the other two elements were not established at all - contentions that the agriculturists were not asked to produce any material to supplement their statement is inconsequential - burden lies upon the assessee to produce the material
Addition u/s 68 - unsecured cash credit - initial burden to prove identity, genuineness of the transactions and creditworthiness of the creditor - the identity of the creditors was proved by some material, the other two elements were not established at all - contentions that the agriculturists were not asked to produce any material to supplement their statement is inconsequential - burden lies upon the assessee to produce the material
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