Assessee's Failure to Prove Creditor Legitimacy u/s 41(1) Supports Findings of Assessing Officer and CIT(A.

Assessee's Failure to Prove Creditor Legitimacy u/s 41(1) Supports Findings of Assessing Officer and CIT(A. https://www.taxtmi.com/highlights?id=26856 Addition made u/s 41(1) - genuineness of sundry creditors - Once, the assessee is unable to discharge the primary onus cast upon him, then it is very difficult to reverse the finding of facts recorded by the AO as well as CIT(A) - AT en-us Sun, 10 Jan 2016 21:24:16 +0530 Sun, 10 Jan 2016 21:24:16 +0530 TaxTMI RSS Generator Assessee's Failure to Prove Creditor Legitimacy u/s 41(1) Supports Findings of Assessing Officer and CIT(A. https://www.taxtmi.com/highlights?id=26856 Addition made u/s 41(1) - genuineness of sundry creditors - Once, the assessee is unable to discharge the primary onus cast upon him, then it is very difficult to reverse the finding of facts recorded by the AO as well as CIT(A) - AT Highlights Income Tax Sun, 10 Jan 2016 21:24:16 +0530 https://www.taxtmi.com/highlights?id=26856