The “Source of Source” Relief: Patna High Court’s Landmark Dec 2025 Ruling
For years, the most litigated section in the Income Tax Act has been Section 68 (Unexplained Cash Credits). Assessing Officers (AOs) often demand that a taxpayer not only prove the source of the money received (e.g., a loan from Mr. X) but also prove where Mr. X got the money from (the “Source of Source”)….