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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Addition made u/s 41(1) - genuineness of sundry creditors - ...


Assessee's Failure to Prove Creditor Legitimacy u/s 41(1) Supports Findings of Assessing Officer and CIT(A.

January 10, 2016

Case Laws     Income Tax     AT

Addition made u/s 41(1) - genuineness of sundry creditors - Once, the assessee is unable to discharge the primary onus cast upon him, then it is very difficult to reverse the finding of facts recorded by the AO as well as CIT(A) - AT

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