https://www.taxtmi.com/caselaws?id=346868 The High Court overturned the Tribunal's deletion of an addition towards investment in gold in favor of the Revenue. The Court found that the Tribunal erred in shifting the burden of proof onto the Revenue and disregarding the lack of evidence from the assessee regarding the source of acquisition of the gold ornaments. The High Court deemed the Tribunal's conclusions as perverse due to misdirection, ruling in favor of the Revenue and against the assessee. en-us Thu, 06 Jul 2017 00:00:00 +0530 Sat, 18 Nov 2017 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346868 The High Court overturned the Tribunal's deletion of an addition towards investment in gold in favor of the Revenue. The Court found that the Tribunal erred in shifting the burden of proof onto the Revenue and disregarding the lack of evidence from the assessee regarding the source of acquisition of the gold ornaments. The High Court deemed the Tribunal's conclusions as perverse due to misdirection, ruling in favor of the Revenue and against the assessee. Case-Laws Income Tax Thu, 06 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346868