Tag Archives: source(s) of his creditor

Assessee not required to prove genuineness /credit worthiness of sub-creditor,

Summary of Decision As per Gauhati High Court inNemi Chand Kothari v. Commissioner of Income Tax (2003) 264 ITR 254 :- Section 106 of the Evidence Act makes the Assessee liable to disclose only the source(s) from where he has himself received the credit and it is not the burden of the Assessee to show… Read More »