https://www.taxtmi.com/caselaws?id=160111 The Court clarified that the burden of proof rests on the assessee to establish the source of unaccounted purchases with proper evidence. It emphasized the continuous process of shifting onus in evidence evaluation, rejecting previous conclusions. The judgment highlighted the importance of reliable evidence in proving ownership and explained when adverse inferences can be drawn from unposted books of accounts. Ultimately, it concluded that if accounts are inadequately maintained and explanations are unsatisfactory, best judgment assessment may be warranted. en-us Wed, 22 Mar 2000 00:00:00 +0530 Mon, 09 Dec 2013 17:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160111 The Court clarified that the burden of proof rests on the assessee to establish the source of unaccounted purchases with proper evidence. It emphasized the continuous process of shifting onus in evidence evaluation, rejecting previous conclusions. The judgment highlighted the importance of reliable evidence in proving ownership and explained when adverse inferences can be drawn from unposted books of accounts. Ultimately, it concluded that if accounts are inadequately maintained and explanations are unsatisfactory, best judgment assessment may be warranted. Case-Laws VAT and Sales Tax Wed, 22 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160111