Home › Income-Tax Act › Rupal jain (Mrs.) v. CIT (2023) 152 taxmann.com 345 (All)(HC) Editorial : SLP of Revenue is dismissed, Rupal jain (Mrs) v. CIT (2023) 454 ITR 813 / 294 Taxman 261 (SC)

Rupal jain (Mrs.) v. CIT (2023) 152 taxmann.com 345 (All)(HC) Editorial : SLP of Revenue is dismissed, Rupal jain (Mrs) v. CIT (2023) 454 ITR 813 / 294 Taxman 261 (SC)

S. 68 : Cash credits-Bank deposit-Failure to prove the nature of the source-Addition is confirmed. [S. 260A]

High Court  held that that though the  assessee  had disclosed source of deposit but could not establish nature thereof and failed to prove  i. e. identity of the creditor ; (ii) capacity of such creditor to advance money; and genuineness of the transactions.  Accordingly order of Tribunal is affirmed. Followed, Anil Rice Mills v. CIT (2006) 282 ITR 236 (All)(HC)