Court Rules Assessee Must Prove Elements u/s 68 of Income Tax Act; Failure Leads to Negative Outcomes.

Court Rules Assessee Must Prove Elements u/s 68 of Income Tax Act; Failure Leads to Negative Outcomes. https://www.taxtmi.com/highlights?id=30343 Addition u/s 68 - The burden is upon the assessee to prove the necessary ingredients of section 68. Once the assessee failed to do so the consequences were bound to follow. - HC en-us Sat, 16 Jul 2016 13:10:53 +0530 Sat, 16 Jul 2016 13:10:53 +0530 TaxTMI RSS Generator Court Rules Assessee Must Prove Elements u/s 68 of Income Tax Act; Failure Leads to Negative Outcomes. https://www.taxtmi.com/highlights?id=30343 Addition u/s 68 - The burden is upon the assessee to prove the necessary ingredients of section 68. Once the assessee failed to do so the consequences were bound to follow. - HC Highlights Income Tax Sat, 16 Jul 2016 13:10:53 +0530 https://www.taxtmi.com/highlights?id=30343