https://www.taxtmi.com/caselaws?id=63179 Conveyance expenditure was allowed to be disallowed only to one-twelfth, as the assessee's claim was treated on the same footing as a sister concern's earlier assessment and no basis was found for a higher disallowance. Cash credits and interest in the names of two lady creditors were sustained as unexplained because, despite banking trail and confirmatory material, the assessee failed to satisfactorily prove the creditors' identity, genuineness of the transactions, and creditworthiness. The Tribunal held that the surrounding circumstances and weak explanation of the sources meant the primary onus remained undischarged, so the addition was upheld, while relief was granted only on conveyance expense disallowance. en-us Tue, 18 Dec 1990 00:00:00 +0530 Fri, 28 Jan 2011 12:32:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63179 Conveyance expenditure was allowed to be disallowed only to one-twelfth, as the assessee's claim was treated on the same footing as a sister concern's earlier assessment and no basis was found for a higher disallowance. Cash credits and interest in the names of two lady creditors were sustained as unexplained because, despite banking trail and confirmatory material, the assessee failed to satisfactorily prove the creditors' identity, genuineness of the transactions, and creditworthiness. The Tribunal held that the surrounding circumstances and weak explanation of the sources meant the primary onus remained undischarged, so the addition was upheld, while relief was granted only on conveyance expense disallowance. Case-Laws Income Tax Tue, 18 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63179