https://www.taxtmi.com/caselaws?id=217853 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete the addition made under Section 69B of the Income Tax Act. It emphasized that the Assessing Officer failed to provide concrete evidence beyond jantri rates to prove undisclosed investments, stating that the burden of proof lies with the Revenue to show that the actual investment exceeds the recorded amount. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision. en-us Fri, 31 Aug 2012 00:00:00 +0530 Sat, 20 Oct 2012 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217853 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete the addition made under Section 69B of the Income Tax Act. It emphasized that the Assessing Officer failed to provide concrete evidence beyond jantri rates to prove undisclosed investments, stating that the burden of proof lies with the Revenue to show that the actual investment exceeds the recorded amount. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217853