INCOME TAX : Where assessee, through involvement of cashier of Bank manipulated accounts by way of bogus/fictitious entries, however transactions did not involve actual cash inflow, it was impracticable for assessee to discharge onus of establishing identity and creditworthiness of parties and genuineness of transaction, hence, section 68 was not invocableINCOME TAX : Where assessee, through involvement of cashier of Bank manipulated accounts by way of bogus/fictitious entries, however transactions did not involve actual cash inflow, it was impracticable for assessee to discharge onus of establishing identity and creditworthiness of parties and genuineness of transaction, hence, section 68 was not invocablewww.taxmann.com Latest Case LawsRead More
