Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2008 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (3) TMI 249 - PUNJAB AND HARYANA HIGH COURTAO framed the assessment u/s 143 (3) by making an addition on the ground that the appellant has failed to prove the credit worthiness of the creditors & the genuineness of the transactions of loan & investments – assessee has though established the identity of creditors by producing their affidavits but not proved capacity of the creditor to advance the money & also the genuineness of the transaction - Since the authorities have recorded a pure finding of fact, assessee’s appeal is dismissed
|