Search Results for Tag : Genuineness

Judgments

On mere suspicion, addition for unexplained Cash Credit cannot be made(05.03.2020)

In facts of present case, the assessee is son of Shri Madhukar Rathi. The assessee filed his return of income declaring total income of Rs.56,10,180. .....

Tags : Transaction, Genuineness, Additions, Legality

The onus is always on the Assessee to substantiate with evidence to the satisfaction of the AO that cash credit is genuine(18.08.2020)

The Assessee is a society engaged in the business of manufacturing of soap. It filed its return of income on 31st August, 2010 declaring the total inc.....

Tags : Transaction, Genuineness, Additions

Burden is upon the Assessee to prove identity of the creditor, creditworthiness of the creditors and genuineness of the transaction(23.09.2020)

The Assessee is a company and filed return of income showing loss of Rs.35,53,560. The Assessing Officer, (AO) noted that, in assessment year under ap.....

Tags : Genuineness, Transaction, Deletion, Legality

News

ITAT Kolkata: Genuineness Cannot be Doubted Since All Payments were Made Through Banking Channel(11.02.2021)

Income Tax Appellate Tribunal (ITAT) Kolkata in a case deleted the addition confirmed by the lower authorities without pointing any defect in the bank.....

Tags : ITAT, Kolkata, Genuineness

SC: Genuineness of Transaction Cannot Be Doubted Merely Because Thumb Impression Affixed(18.08.2021)

Supreme Court has observed that genuineness of property transaction cannot be doubted merely because thumb impression was affixed instead of signature.....

Tags : Supreme Court, Genuineness of Property Transaction

Genuineness of property transaction cannot be doubted merely because thumb impression was affixed instead of signature(17.08.2021)

Present appeal arises out of the judgment and order of the High Court whereby the appeal filed by the probate applicant was allowed in his favour by c.....

Tags : Genuineness, Property Transaction, Thumb Impression

Madras HC: Onus to Prove Genuineness of Transaction Solely Lies on Assessee(01.09.2021)

Madras High Court has held that the onus to prove the genuineness of transaction solely lies on the assessee, mere statutory approvals do not sanctify.....

Tags : Madras High Court, Genuineness of Transaction

ITAT, Jodhpur: Genuineness of Cash in Hand Not Dependent on Time Gap Between Withdrawal and Deposit(20.09.2021)

Income Tax Appellate Tribunal (ITAT), Jodhpur has ruled that mere time gap between Withdrawals and Deposits cannot be a sole basis for suspecting genu.....

Tags : Income Tax Appellate Tribunal, Genuineness of Cash in Hand

Burden is on the assessee to establish identity, creditworthiness and genuineness of the transaction for sum credited in the books of accounts to the satisfaction of the Assessing Officer(10.08.2022)

The assessee is an individual, who has not filed return under Section 139 of the Income Tax Act, 1961 (IT Act). Search and seizure operation under Sec.....

Tags : Assessment, Transaction, Genuineness

Ker HC: Challenge to Genuineness of Will on Grounds of Fraud Require High Degree of Evidence(09.01.2024)

Kerala High Court while observing that allegation of fraud, undue influence, etc must not be set forth vaguely, has held that to dispute the genuinene.....

Tags : Kerala High Court, Genuineness of Will, Reasonable Doubt

SC: Will is a Registered Document thus there is a Presumption regarding its Genuineness(22.07.2025)

Supreme Court has observed that the Will, is a registered document and thus there is a presumption regarding genuineness thereof and the burden of pro.....

Tags : Supreme Court, Genuineness, Registered Document

Supreme Court: Registered Sale Deed Carries Strong Presumption of Genuineness(27.01.2026)

Supreme Court held that a registered sale deed enjoys a strong presumption of validity and genuineness, and therefore cannot be casually or lightly br.....

Tags : Sale Deed, Presumption of Genuineness, Transaction

Supreme Court: Proof of Attestation Alone Doesn't Establish Will's Genuineness(07.07.2026)

Supreme Court held that proving a Will's attestation alone is insufficient when suspicious circumstances surround its execution. It ruled that the pro.....

Tags : Attestation; Will; Genuineness