https://www.taxtmi.com/caselaws?id=346866 The ITAT allowed the appeal, deleting the remaining addition of Rs. 15,36,500 in the assessment for A.Y. 2004-05. The ITAT found the explanations regarding expenses and jewellery to be supported by evidence, directing the deletion of the entire addition. The decision underscores the significance of providing detailed explanations and supporting evidence in tax assessments, emphasizing the burden of proof on both taxpayers and tax authorities. en-us Tue, 22 Aug 2017 00:00:00 +0530 Thu, 24 Aug 2017 07:55:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346866 The ITAT allowed the appeal, deleting the remaining addition of Rs. 15,36,500 in the assessment for A.Y. 2004-05. The ITAT found the explanations regarding expenses and jewellery to be supported by evidence, directing the deletion of the entire addition. The decision underscores the significance of providing detailed explanations and supporting evidence in tax assessments, emphasizing the burden of proof on both taxpayers and tax authorities. Case-Laws Income Tax Tue, 22 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346866