https://www.taxtmi.com/highlights?id=64391 Addition u/s 68 - Unexplained credit - scope of amended provisions of section 68 - onus to prove source of source - Although, the issue before us pertains to assessment year 2012-13 where amended provisions of section 68 do not apply, however, considering the facts of the case, the assessee has to explain the source of the source, as the assessing officer has pointed out the trail of money, and in that circumstances owns shifts on the assessee to provide suitable explanation to Assessing Officer. - AT en-us Sat, 02 Jul 2022 09:18:55 +0530 Sat, 02 Jul 2022 09:18:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64391 Addition u/s 68 - Unexplained credit - scope of amended provisions of section 68 - onus to prove source of source - Although, the issue before us pertains to assessment year 2012-13 where amended provisions of section 68 do not apply, however, considering the facts of the case, the assessee has to explain the source of the source, as the assessing officer has pointed out the trail of money, and in that circumstances owns shifts on the assessee to provide suitable explanation to Assessing Officer. - AT Highlights Income Tax Sat, 02 Jul 2022 09:18:55 +0530 https://www.taxtmi.com/highlights?id=64391