Section 68: Filing confirmatory letters isn't enough to prove creditor identity for unexplained credits in share applications. https://www.taxtmi.com/highlights?id=6730 Unexplained credits u/s 68 - share application money - merely filing confirmatory letters to establish the identity of the creditors is not enough and it cannot be said that onus lying on the assessee had been discharged. - AT en-us Wed, 06 Feb 2013 08:36:50 +0530 Wed, 06 Feb 2013 08:36:50 +0530 TaxTMI RSS Generator Section 68: Filing confirmatory letters isn't enough to prove creditor identity for unexplained credits in share applications. https://www.taxtmi.com/highlights?id=6730 Unexplained credits u/s 68 - share application money - merely filing confirmatory letters to establish the identity of the creditors is not enough and it cannot be said that onus lying on the assessee had been discharged. - AT Highlights Income Tax Wed, 06 Feb 2013 08:36:50 +0530 https://www.taxtmi.com/highlights?id=6730