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2021 (9) TMI 57 - SC ORDERAddition u/s 68 - unexplained share capital receipts - Onus to prove - whether evidence against the assessee lies and the assessee failed to discharge his initial burden on this account - Tribunal shifting the responsibility of proving genuineness of share application money to the Assessing Officer - whether mere furnishing list of person who have claimed to have advanced towards share capital thus constitute sufficient compliance on the part of the assessee? - HC held that assessee did not discharge the primary onus cast upon them, the question of the Assessing Officer to investigate the creditworthiness of the creditors/subscribers would not arise in the case on hand - HELD THAT:- We are not inclined to interfere in this Special Leave Petition. The Special Leave Petition is dismissed accordingly.
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