https://www.taxtmi.com/highlights?id=48671 Addition u/s 68 - loans from relatives through banking channel - it is also not in dispute that cash deposits were made in the bank account of the creditor just before advancing the loan and no explanation was forthcoming before the authorities below - the onus of proving the source of a sum of money found to have been received by the assessee is on him and if he disputes the liability for tax - addition sustained en-us Fri, 16 Aug 2019 07:57:55 +0530 Fri, 16 Aug 2019 07:57:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48671 Addition u/s 68 - loans from relatives through banking channel - it is also not in dispute that cash deposits were made in the bank account of the creditor just before advancing the loan and no explanation was forthcoming before the authorities below - the onus of proving the source of a sum of money found to have been received by the assessee is on him and if he disputes the liability for tax - addition sustained Highlights Income Tax Fri, 16 Aug 2019 07:57:55 +0530 https://www.taxtmi.com/highlights?id=48671