https://www.taxtmi.com/caselaws?id=466112 Issue concerns undisclosed cash credit and the evidentiary burden to prove genuineness and creditworthiness of share subscribers. The note emphasises that the assessee bears the onus to establish identity, creditworthiness and genuineness by admissible evidence; appellate review must be speaking and address grounds raised. An adverse inference drawn solely from non-response by directors is infirm if the Assessing Officer did not assess veracity or admissibility of documents, and appellate interference may result in deletion of additions where the AOs reasoning is non-speaking and facts were already on record. en-us Fri, 03 May 2024 00:00:00 +0530 Sat, 24 Jan 2026 11:53:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466112 Issue concerns undisclosed cash credit and the evidentiary burden to prove genuineness and creditworthiness of share subscribers. The note emphasises that the assessee bears the onus to establish identity, creditworthiness and genuineness by admissible evidence; appellate review must be speaking and address grounds raised. An adverse inference drawn solely from non-response by directors is infirm if the Assessing Officer did not assess veracity or admissibility of documents, and appellate interference may result in deletion of additions where the AOs reasoning is non-speaking and facts were already on record. Case-Laws Income Tax Fri, 03 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466112