https://www.taxtmi.com/article/detailed?id=9753 Digital e banking transfers (RTGS/NEFT/transfers) credited to the assessee's bank account with payer names recorded in the bank statement and supported by confirmations and identity particulars (PAN, KYC) demonstrate realization of funds by the payer's bank and rebut classification as unexplained cash credit; such banking receipts ordinarily discharge the assessee's evidentiary burden and render invocation of s. 68 inappropriate, while inquiries demanding third party bank statements or balance sheets exceed the reasonable scope of what a recipient can provide. en-us Sat, 17 Apr 2021 11:14:36 +0530 Sat, 17 Apr 2021 11:14:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9753 Digital e banking transfers (RTGS/NEFT/transfers) credited to the assessee's bank account with payer names recorded in the bank statement and supported by confirmations and identity particulars (PAN, KYC) demonstrate realization of funds by the payer's bank and rebut classification as unexplained cash credit; such banking receipts ordinarily discharge the assessee's evidentiary burden and render invocation of s. 68 inappropriate, while inquiries demanding third party bank statements or balance sheets exceed the reasonable scope of what a recipient can provide. Articles Income Tax Sat, 17 Apr 2021 11:14:36 +0530 https://www.taxtmi.com/article/detailed?id=9753