Deposit during Demonetization Period: Burden of Proof on Assessee to Establish Genuineness, rules ITAT [Read Order]

Deposit - Demonetization - ITAT - Burden of Proof - Income tax - taxscan

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) held that the burden of proof is on the assessee to establish genuineness of deposit during the demonetization period. The present appeal has arisen out of against the order of CIT(A), NFAC for the AY 2017-18. The grounds of appeal raised by the…

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