https://www.taxtmi.com/caselaws?id=216857 The High Court dismissed the Income Tax Appeal, upholding the findings of the Income Tax Authorities regarding undisclosed income from accommodation entries. The delay in filing the appeal was condoned, and the reassessment based on information about demand drafts was deemed valid despite the assessee's explanations being found lacking in evidence. The court emphasized the importance of proving the genuineness of transactions and affirmed the burden of proof on the assessee in cases of undisclosed income. en-us Tue, 11 Sep 2012 00:00:00 +0530 Fri, 21 Sep 2012 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216857 The High Court dismissed the Income Tax Appeal, upholding the findings of the Income Tax Authorities regarding undisclosed income from accommodation entries. The delay in filing the appeal was condoned, and the reassessment based on information about demand drafts was deemed valid despite the assessee's explanations being found lacking in evidence. The court emphasized the importance of proving the genuineness of transactions and affirmed the burden of proof on the assessee in cases of undisclosed income. Case-Laws Income Tax Tue, 11 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216857