Appeal challenging income addition dismissed due to burden of proof requirements. The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order for the Assessment Year 2005-2006. The Assessing Officer's ...
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Appeal challenging income addition dismissed due to burden of proof requirements.
The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order for the Assessment Year 2005-2006. The Assessing Officer's addition to the respondent's income based solely on the DVO's report was not upheld as the burden of proof lies with the revenue, and the DVO's opinion cannot be relied upon without rejecting the books of account. The appeal was dismissed following the precedent set in Commissioner of Income Tax Vs. Shri Bajrang Lal Bansal.
The High Court dismissed the appeal filed under Section 260A of the Income Tax Act, 1961, challenging an order by the Income Tax Appellate Tribunal for the Assessment Year 2005-2006. The Assessing Officer's addition to the respondent's income based solely on the DVO's report was not upheld as the burden of proof lies with the revenue, and the DVO's opinion cannot be relied upon without rejecting the books of account. The appeal was dismissed in accordance with the law established in Commissioner of Income Tax Vs. Shri Bajrang Lal Bansal.
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