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2019 (3) TMI 1400 - AT - Income TaxAddition u/s 68 - Unexplained cash deposits - unexplained nature and source of loan received - doubtful creditworthiness of the lender - HELD THAT:- The creditworthiness of the lender is in serious doubt and could not be demonstrated to the satisfaction of the Assessing Officer when seen on the touchstone of preponderance of probabilities. We observe that the Assessing Officer has rightly recorded its conclusion against the assessee on the ground that deposit of cash in the account of the lender prior to its lending to the assessee is not supportable with the worth and conduct of the lender. Therefore, the primary onus placed on the assessee, in our view, could not be discharged. The CIT(A), in our view, has rightly analysed the factual matrix and answered the appeal of the assessee in negative - decided in favour of revenue
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