Dismissing the appeal of the assessee the Court held that Mere confirmation is not sufficient, identity , creditworthiness and genuineness was not proved . Addition was held to be justified . (AY.2007 -08)
Ram Baboo Agrawal v. CIT (2018) 404 ITR 198 (All) (HC)
S.68:Cash credits — Burden of proof — Mere confirmation is not sufficient, identity , creditworthiness and genuineness was not proved – Addition was held to be justified .