21 results for “depreciation”+ Unexplained Cash Creditclear
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Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi. T. A. No. 194/Asr/2016 Assessment Year: 2011-12
unexplained credit, it is open to the Income-Tax Officer to hold that it is the income of the assessee, and no further burden lies on him to show that the income is from any particular source. It is for the assessee to prove that, even if the cash credit represents income, it is from the source which has already