TMI BlogAddition u/s 68 - Identity of third party established - It will not before the assessee thereafter to...Addition u/s 68 - Identity of third party established - It will not before the assessee thereafter to explain further how or in what circumstances the third party obtained the money and how or why he came to make a deposit of the same with the assessee. In such a situation the burden will shift on to the department to show why the assessee's case cannot be accepted and why it must be held that the entry, for purporting to be in the name of a third party still represents the income of the assessee. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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