https://www.taxtmi.com/caselaws?id=277698 The Tribunal allowed the Assessee's appeal, deleting the addition of Rs. 4.99 crores received from Mrs. N. Sunitha. The Tribunal held that the amount, claimed as share application money by the Assessee, was not adequately proven by the revenue authorities to be income from other sources. Lack of evidence supporting the revenue's claim led to the deletion of the addition, citing the burden of proof on the Department. The Tribunal set aside the CIT(A)'s order and ruled in favor of the Assessee on 25/10/2013. en-us Fri, 25 Oct 2013 00:00:00 +0530 Tue, 18 Dec 2018 17:08:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277698 The Tribunal allowed the Assessee's appeal, deleting the addition of Rs. 4.99 crores received from Mrs. N. Sunitha. The Tribunal held that the amount, claimed as share application money by the Assessee, was not adequately proven by the revenue authorities to be income from other sources. Lack of evidence supporting the revenue's claim led to the deletion of the addition, citing the burden of proof on the Department. The Tribunal set aside the CIT(A)'s order and ruled in favor of the Assessee on 25/10/2013. Case-Laws Income Tax Fri, 25 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277698