Assessees must justify unexplained credits u/s 68 of the Income Tax Act with evidence or risk confirmed additions. https://www.taxtmi.com/highlights?id=13775 Unexplained credits - additions u/s 68 - onus to prove - When an explanation is called for from the assessee, he or she must take care to substantiate her explanation by such supporting evidence as may be in his or her power to produce. - additions confirmed - HC en-us Thu, 08 Aug 2013 11:25:23 +0530 Thu, 08 Aug 2013 11:25:23 +0530 TaxTMI RSS Generator Assessees must justify unexplained credits u/s 68 of the Income Tax Act with evidence or risk confirmed additions. https://www.taxtmi.com/highlights?id=13775 Unexplained credits - additions u/s 68 - onus to prove - When an explanation is called for from the assessee, he or she must take care to substantiate her explanation by such supporting evidence as may be in his or her power to produce. - additions confirmed - HC Highlights Income Tax Thu, 08 Aug 2013 11:25:23 +0530 https://www.taxtmi.com/highlights?id=13775