https://www.taxtmi.com/caselaws?id=71454 Contemporaneous records and corroborative statements can satisfy the assessee's burden under section 69A when gold ornaments are shown to be recorded in books, lying with artisans, or belonging to identified third parties. The revenue's reliance on Central Excise material did not displace that explanation for income-tax purposes. On that basis, no unexplained investment was established in the seized gold ornaments, and section 69A was held inapplicable. en-us Thu, 09 Jul 1992 00:00:00 +0530 Mon, 25 Apr 2011 09:56:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71454 Contemporaneous records and corroborative statements can satisfy the assessee's burden under section 69A when gold ornaments are shown to be recorded in books, lying with artisans, or belonging to identified third parties. The revenue's reliance on Central Excise material did not displace that explanation for income-tax purposes. On that basis, no unexplained investment was established in the seized gold ornaments, and section 69A was held inapplicable. Case-Laws Income Tax Thu, 09 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71454