Dismissing the appeal of the assessee the Court held that the assessee is not able to discharge the burden and explain the source of the investment in the property. Accordingly the order of Tribunal is affirmed.
Sajid Khan v. PCIT (2019) 417 ITR 1 / 311 CTR 725/ 183 DTR 417/( 2020) 268 Taxman 97(All.)(HC)
S. 68 : Cash credits-Loan–Onus not discharged–Addition is held to be justified.[S. 69]