https://www.taxtmi.com/caselaws?id=71591 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 92,29,856 made by the Assessing Officer and sustained by the CIT(A). The Tribunal found that the burden of proof regarding unaccounted income and cash payments was not discharged by the department, concluding that the payments for the purchase of silver were legitimate and no addition was warranted under sections 69/69C. The Tribunal also held that the provisions of section 40A(3) were not applicable as the department failed to prove that the payments exceeded the limits prescribed under the section. en-us Fri, 24 Mar 2000 00:00:00 +0530 Mon, 25 Apr 2011 17:57:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71591 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 92,29,856 made by the Assessing Officer and sustained by the CIT(A). The Tribunal found that the burden of proof regarding unaccounted income and cash payments was not discharged by the department, concluding that the payments for the purchase of silver were legitimate and no addition was warranted under sections 69/69C. The Tribunal also held that the provisions of section 40A(3) were not applicable as the department failed to prove that the payments exceeded the limits prescribed under the section. Case-Laws Income Tax Fri, 24 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71591