https://www.taxtmi.com/caselaws?id=351794 The High Court allowed the appellant's appeal, overturning the Tribunal's decision to add income under Section 69 of the Income Tax Act. The Court found that the deposited amount was part of a business arrangement involving other individuals, not belonging to the appellant. Emphasizing the burden of proof on the department to establish the source of funds, the Court ruled in favor of the appellant, directing the department to assess the other individuals independently. en-us Wed, 22 Nov 2017 00:00:00 +0530 Fri, 01 Dec 2017 08:41:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351794 The High Court allowed the appellant's appeal, overturning the Tribunal's decision to add income under Section 69 of the Income Tax Act. The Court found that the deposited amount was part of a business arrangement involving other individuals, not belonging to the appellant. Emphasizing the burden of proof on the department to establish the source of funds, the Court ruled in favor of the appellant, directing the department to assess the other individuals independently. Case-Laws Income Tax Wed, 22 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351794