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Once Assessee Shows Genuineness Of Transactions, No Additions Can Be Made: Gujarat High Court
Mariya Paliwala
10 Jan 2023 11:00 AM IST
The Gujarat High Court has held that the assessee has discharged the primary onus to prove the creditworthiness of the transaction.The division bench of Justice Sonia Gokani and Justice Sandeep N. Bhatt has observed that the initial burden, even if not discharged at the level of the assessing officer, can be discharged by the production of documents before the CIT (Appeals), where two...
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