https://www.taxtmi.com/caselaws?id=328852 The Court ruled in favor of the assessee, overturning the Tribunal's decision. It emphasized that the assessee is not required to prove the source of the source under Section 68 of the I.T. Act. The Court found the Tribunal's failure to consider established identity and genuineness as erroneous, highlighting the importance of the assessee discharging the primary onus. The judgment favored the assessee, emphasizing the need to establish identity and genuineness in transactions under Section 68. en-us Tue, 07 Jun 2016 00:00:00 +0530 Wed, 15 Jun 2016 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328852 The Court ruled in favor of the assessee, overturning the Tribunal's decision. It emphasized that the assessee is not required to prove the source of the source under Section 68 of the I.T. Act. The Court found the Tribunal's failure to consider established identity and genuineness as erroneous, highlighting the importance of the assessee discharging the primary onus. The judgment favored the assessee, emphasizing the need to establish identity and genuineness in transactions under Section 68. Case-Laws Income Tax Tue, 07 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328852