https://www.taxtmi.com/caselaws?id=235697 The High Court found the Tribunal's decision partially perverse, holding that the onus was incorrectly placed on the Revenue and emphasizing the need for an explanation of the source of funds for unaccounted transactions. The Court directed the Tribunal to reconsider the matter, stressing the importance of initial investment for unrecorded sales. The judgment favored the Revenue partially, with costs of Rs. 20,000 imposed on the respondent, and parties were instructed to appear before the Tribunal for further proceedings. en-us Wed, 24 Jul 2013 00:00:00 +0530 Wed, 20 May 2026 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235697 The High Court found the Tribunal's decision partially perverse, holding that the onus was incorrectly placed on the Revenue and emphasizing the need for an explanation of the source of funds for unaccounted transactions. The Court directed the Tribunal to reconsider the matter, stressing the importance of initial investment for unrecorded sales. The judgment favored the Revenue partially, with costs of Rs. 20,000 imposed on the respondent, and parties were instructed to appear before the Tribunal for further proceedings. Case-Laws Income Tax Wed, 24 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235697