Assessee Must Prove Nature and Source of Credit u/s 68: Identity, Creditworthiness, and Transaction Genuineness Required.

Assessee Must Prove Nature and Source of Credit u/s 68: Identity, Creditworthiness, and Transaction Genuineness Required. https://www.taxtmi.com/highlights?id=28564 Degree of burden under section 68 upon the assessee is to prima facie prove the nature of credit and then source which has to be proved by showing the identity, creditworthiness and genuineness of the transaction - AT en-us Fri, 15 Apr 2016 11:18:36 +0530 Fri, 15 Apr 2016 11:18:36 +0530 TaxTMI RSS Generator Assessee Must Prove Nature and Source of Credit u/s 68: Identity, Creditworthiness, and Transaction Genuineness Required. https://www.taxtmi.com/highlights?id=28564 Degree of burden under section 68 upon the assessee is to prima facie prove the nature of credit and then source which has to be proved by showing the identity, creditworthiness and genuineness of the transaction - AT Highlights Income Tax Fri, 15 Apr 2016 11:18:36 +0530 https://www.taxtmi.com/highlights?id=28564