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2022 (9) TMI 1436 - ITAT PUNE
Unexplained cash credit u/s 68 - filing of documentary evidence by assessee to prove the cash credits - HELD THAT:- Assessee neither co-operated nor explained genuineness of the impugned cash credits even in remand proceedings.
We thus quote PCIT V/s NRA Iron and steel (P) Ltd.[2019 (3) TMI 323 - SUPREME COURT], Sumati Dayal [1995 (3) TMI 3 - SUPREME COURT] and CIT V/s Durga Prasad More [1971 (8) TMI 17 - SUPREME COURT] that mere filing of documentary evidence does not absolve the assessee from discharging its onus of proving genuineness/ creditworthiness of the sums credited which has to be considered in the light of human probabilities by removing all blinkers, respectively. We thus conclude that the learned lower authorities have rightly made the impugned addition. Decided against assessee.