https://www.taxtmi.com/caselaws?id=257874 The court upheld the additions of gifts claimed from the assessee's mother and wife as undisclosed income during a search and seizure under Section 132 of the Income Tax Act for the assessment years 1994-95 and 1995-96. The appellant's reliance on Section 69 to shift the burden of proof to the Assessing Officer was not accepted, as the court found the affidavits insufficient to establish the genuineness of the transactions. The appeal was dismissed, affirming the findings of the authorities regarding the nature of evidence presented by the assessee. en-us Thu, 05 Feb 2015 00:00:00 +0530 Tue, 11 Aug 2015 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257874 The court upheld the additions of gifts claimed from the assessee's mother and wife as undisclosed income during a search and seizure under Section 132 of the Income Tax Act for the assessment years 1994-95 and 1995-96. The appellant's reliance on Section 69 to shift the burden of proof to the Assessing Officer was not accepted, as the court found the affidavits insufficient to establish the genuineness of the transactions. The appeal was dismissed, affirming the findings of the authorities regarding the nature of evidence presented by the assessee. Case-Laws Income Tax Thu, 05 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257874