Onus is on assessee to establish factum of conduit company

Dhanwan Leasing and Finance Vs ITO (ITAT Indore)

Section 68 of the Act provides that where any sum is found to be credited in the books of an assessee maintained for any previous year, and the assessee offers no explanation about the nature and source thereof or the explanation offered by him is not, in the opinion of the Assessing Officer, satisfac

Please become a Premium member. If you are already a Premium member, login here to access the full content.