https://www.taxtmi.com/caselaws?id=237534 The High Court upheld the Tribunal's decision to add Rs.20,05,000 under Section 68 of the Income Tax Act for Assessment Year 2000-01. The Court emphasized the assessee's failure to adequately prove the source of the funds and the investment in shares, leading to the dismissal of the Income Tax Appeal. Compliance with Section 68 and the burden of proof on the assessee were crucial factors in the Court's decision, highlighting the necessity of providing essential documentation to support claims under the Act. en-us Thu, 08 Aug 2013 00:00:00 +0530 Mon, 30 Sep 2013 09:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237534 The High Court upheld the Tribunal's decision to add Rs.20,05,000 under Section 68 of the Income Tax Act for Assessment Year 2000-01. The Court emphasized the assessee's failure to adequately prove the source of the funds and the investment in shares, leading to the dismissal of the Income Tax Appeal. Compliance with Section 68 and the burden of proof on the assessee were crucial factors in the Court's decision, highlighting the necessity of providing essential documentation to support claims under the Act. Case-Laws Income Tax Thu, 08 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237534