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2019 (11) TMI 503 - ITAT AHMEDABADUnexplained cash from during the course of search - HELD THAT:- As decided in the case of Smt. Sarita Gupta Group [2019 (8) TMI 1426 - ITAT AHMEDABAD], there is no dispute with regard to the fact that assessee was found possessing unaccounted cash in physical form as well as deposited in the books and bank accounts. It was for the assessee to explain source of the cash as well as genuineness of the transaction. It was also for the assessee to prove creditworthiness of the persons who have given her the cash. - The first onus is upon the assessee to fulfil the conditions provided u/s 68 of the Income Tax Act up to a reliable degree, only thereafter, the AO would rebut but here the assessee herself has failed to demonstrate the genuineness of the transaction as well as creditworthiness of alleged creditors. - Therefore, the same stand dismissed.
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