Mere admission of payment by creditors could not discharge burden of proof placed by sec. 68 : HC

INCOME TAX : Where Assessing Officer made certain addition under section 68 and Tribunal held that said addition was not sustainable, by accepting assessee's explanation that said amount was transferred into assessee's bank account from out of bank accounts of his brother-in-law and a close friend and, further, that said creditors confirmed to have made payment to assessee, since Tribunal ignored vital fact emanating from record that said creditors had not produced evidence to establish their ca

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