https://www.taxtmi.com/highlights?id=66196 Addition u/s 68 - credit entries reflecting creditors for purchases of goods - The onus is on the assessee to prove the identity of these persons, the means of these persons to have allowed these credits to the assessee, and the genuineness of the transactions leading to these credits. On each of these counts, the assessee has miserably failed in discharging his onus. - AT en-us Sat, 22 Oct 2022 10:05:27 +0530 Sat, 22 Oct 2022 10:05:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66196 Addition u/s 68 - credit entries reflecting creditors for purchases of goods - The onus is on the assessee to prove the identity of these persons, the means of these persons to have allowed these credits to the assessee, and the genuineness of the transactions leading to these credits. On each of these counts, the assessee has miserably failed in discharging his onus. - AT Highlights Income Tax Sat, 22 Oct 2022 10:05:27 +0530 https://www.taxtmi.com/highlights?id=66196