https://www.taxtmi.com/caselaws?id=16477 The prosecution failed to prove beyond reasonable doubt that the assessee concealed taxable income or fabricated account books by omitting demand draft transactions, so the convictions could not stand. The Court gave due regard to the income-tax appellate authority's deletion of the related additions and also found the evidence unreliable: the principal witness was inconsistent, the drafts were not tied to any invoice or specific business transaction, the employee who purchased the drafts was not examined, and there was no dependable proof that the funds belonged to the accused or that the books were falsified to evade tax. The acquittal was therefore confirmed. en-us Fri, 25 Apr 1997 00:00:00 +0530 Tue, 08 Sep 2009 11:05:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16477 The prosecution failed to prove beyond reasonable doubt that the assessee concealed taxable income or fabricated account books by omitting demand draft transactions, so the convictions could not stand. The Court gave due regard to the income-tax appellate authority's deletion of the related additions and also found the evidence unreliable: the principal witness was inconsistent, the drafts were not tied to any invoice or specific business transaction, the employee who purchased the drafts was not examined, and there was no dependable proof that the funds belonged to the accused or that the books were falsified to evade tax. The acquittal was therefore confirmed. Case-Laws Income Tax Fri, 25 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16477