https://www.taxtmi.com/article/detailed?id=9702 The article explains that where amounts are credited in an assessee's books without a satisfactory explanation of identity, genuineness and source, such credits may be taxed as unexplained cash credits; the assessee bears the primary burden to prove identity and genuineness vis a vis the creditor, using documentary evidence like bank statements and transactional records, while the obligation to establish downstream sources or sub creditor creditworthiness is limited by evidentiary principles and facts within the assessee's special knowledge. en-us Sat, 06 Mar 2021 09:47:40 +0530 Sat, 06 Mar 2021 09:47:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9702 The article explains that where amounts are credited in an assessee's books without a satisfactory explanation of identity, genuineness and source, such credits may be taxed as unexplained cash credits; the assessee bears the primary burden to prove identity and genuineness vis a vis the creditor, using documentary evidence like bank statements and transactional records, while the obligation to establish downstream sources or sub creditor creditworthiness is limited by evidentiary principles and facts within the assessee's special knowledge. Articles Income Tax Sat, 06 Mar 2021 09:47:40 +0530 https://www.taxtmi.com/article/detailed?id=9702