https://www.taxtmi.com/caselaws?id=211352 The High Court ruled in favor of the assessee in a case concerning the determination of the onus to establish the source of receipt of amounts shown as sales proceeds. The court emphasized the need to reduce sales figures when a receipt is treated as income from undisclosed sources. It criticized the rejection of the plea for further evidence by lower authorities, highlighting that no additional evidence was necessary when existing financial data was undisputed. en-us Thu, 15 Jul 2010 00:00:00 +0530 Thu, 15 Mar 2012 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211352 The High Court ruled in favor of the assessee in a case concerning the determination of the onus to establish the source of receipt of amounts shown as sales proceeds. The court emphasized the need to reduce sales figures when a receipt is treated as income from undisclosed sources. It criticized the rejection of the plea for further evidence by lower authorities, highlighting that no additional evidence was necessary when existing financial data was undisputed. Case-Laws Income Tax Thu, 15 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211352