https://www.taxtmi.com/caselaws?id=118621 The Tribunal partly allowed the appeal, deleting the addition related to the sale of shares of Nistha Finance and Investment (India) Ltd. However, the addition related to the sale of shares of Chirau Finance Investment & Leasing Co. Ltd. was upheld as the transactions were not substantiated, and funds were routed through a bogus account. The Tribunal stressed the importance of providing credible evidence and the burden of proof on the assessee to explain the source of funds. en-us Fri, 18 Nov 2005 00:00:00 +0530 Wed, 04 Jul 2012 15:28:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118621 The Tribunal partly allowed the appeal, deleting the addition related to the sale of shares of Nistha Finance and Investment (India) Ltd. However, the addition related to the sale of shares of Chirau Finance Investment & Leasing Co. Ltd. was upheld as the transactions were not substantiated, and funds were routed through a bogus account. The Tribunal stressed the importance of providing credible evidence and the burden of proof on the assessee to explain the source of funds. Case-Laws Income Tax Fri, 18 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118621