Assessee's Failure To Establish Genuineness Of Transaction With Cogent And Credible Evidence, Calcutta High Court Upholds Addition

The Calcutta High Court has held that merely proving the identity of the investors does not discharge the onus on the assessee if the capacity or credit worthiness has not been established.The bench...

Related Keywords

Calcutta ,West Bengal ,India ,Justice Ts Sivagnanam ,Justice Hiranmay Bhattacharyya ,Narayan Rai ,Calcutta High Court , ,Income Tax Act ,Assessing Officer ,For Appellant ,Genuineness ,Transaction ,Nogent ,Credible ,Evidence ,