INCOME TAX OFFICER-1, MORENA vs. SHRI AGRASEN LOGISTICS, JOTAI ROAD, PORSA,

In the result, the appeal of the Revenue is dismissed

23 TTJ (Cal.)\nit is observed that merely\nproving the identity of the\ncreditor does not\ndischarge the onus of the\nassessee if the capacity or\ncreditworthiness of the\ncreditors is not proved.\nThe assessee also has to\nprove the capacity to give\ncredit of the creditor.\nPavankumar M. Sanghvi\nVs. Income-tax Officer in\nwhich the apex court