Tanya Industries 322 ITR 394 (Born) IV. CIT v. Jai Kumar Bakliwal366 ITR 217 (Raj) & P 232 v. CIT
43 Taxmann.com 395High Court2014#4768 most cited
What is Tanya Industries 322 ITR 394 (Born) IV. CIT v. Jai Kumar Bakliwal366 ITR 217 (Raj) & P 232 v. CIT authority for?
When an assessee claims to have advanced money to a third party, and the Assessing Officer makes an addition based on bank deposits, the assessee must substantiate these advances. The 'source of source' principle applies, requiring proof of the genuineness and creditworthiness of the creditors.
25
judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2020 to 2026.
Also referred to as
Tanya Industries 322 ITR 394 · Section 68 · Section 143(3) · source of source · onus of proof · creditworthiness of the creditor · share application money · addition under section 68
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Issues it is cited on
Judgments citing Tanya Industries 322 ITR 394 (Born) IV. CIT v. Jai Kumar Bakliwal366 ITR 217 (Raj) & P 232 v. CIT
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