https://www.taxtmi.com/caselaws?id=463804 ITAT held that unserved or unresponsive confirmations cannot alone sustain the assessee's books; confirmations without corroboration shift the burden to the assessee to prove genuineness. The assessee had declared income at 0.77% of turnover but failed to establish transactions in many cases. The Tribunal found no infirmity in CIT(A)'s order, which accepted the alternate contention only after considering facts and the assessee's inability to prove genuineness, and accordingly dismissed the assessee's appeal. en-us Tue, 08 Oct 2024 00:00:00 +0530 Tue, 16 Sep 2025 14:09:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463804 ITAT held that unserved or unresponsive confirmations cannot alone sustain the assessee's books; confirmations without corroboration shift the burden to the assessee to prove genuineness. The assessee had declared income at 0.77% of turnover but failed to establish transactions in many cases. The Tribunal found no infirmity in CIT(A)'s order, which accepted the alternate contention only after considering facts and the assessee's inability to prove genuineness, and accordingly dismissed the assessee's appeal. Case-Laws Income Tax Tue, 08 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463804