https://www.taxtmi.com/highlights?id=69334 Unexplained cash credit u/s. 68 - primary onus that lay on the assessee to establish the identity, genuineness and creditworthiness of the assessee is being proved beyond doubt by the assessee. Further the assessee also proved source of source of the investment made by the three parties. The Ld. A.O. could not disprove the same with necessary evidences, therefore the question of invoking Section 68 does not arise. - AT en-us Thu, 20 Apr 2023 18:29:52 +0530 Thu, 20 Apr 2023 18:29:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69334 Unexplained cash credit u/s. 68 - primary onus that lay on the assessee to establish the identity, genuineness and creditworthiness of the assessee is being proved beyond doubt by the assessee. Further the assessee also proved source of source of the investment made by the three parties. The Ld. A.O. could not disprove the same with necessary evidences, therefore the question of invoking Section 68 does not arise. - AT Highlights Income Tax Thu, 20 Apr 2023 18:29:52 +0530 https://www.taxtmi.com/highlights?id=69334