https://www.taxtmi.com/highlights?id=34091 Onus lay upon Assessee to displace said presumption. As we have seen that Assessee gave explanation disowning documents stating that same related to some others but those others denied. It shows that a false statement given by Assessee. Assessee, therefore, fails to dislodge presumption, which, the authorities were justified, in drawing against Assessee, in view of Section 132(4A) of Act, 1961 - HC en-us Fri, 31 Mar 2017 05:09:05 +0530 Fri, 31 Mar 2017 05:09:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34091 Onus lay upon Assessee to displace said presumption. As we have seen that Assessee gave explanation disowning documents stating that same related to some others but those others denied. It shows that a false statement given by Assessee. Assessee, therefore, fails to dislodge presumption, which, the authorities were justified, in drawing against Assessee, in view of Section 132(4A) of Act, 1961 - HC Highlights Income Tax Fri, 31 Mar 2017 05:09:05 +0530 https://www.taxtmi.com/highlights?id=34091