https://www.taxtmi.com/caselaws?id=16611 In a prosecution for alleged tax evasion, the charges of concealment, fabrication of accounts, false return and conspiracy failed because the prosecution could not prove beyond reasonable doubt a reliable nexus between the firm and the impugned demand draft transactions. The statements of the partners and the witness did not establish that the draft funds belonged to the firm or related to any identified business transaction, and no correlation to specific invoices or purchases was shown. The appellate tax finding that the additions were deleted and that no nexus existed was given due weight, so the acquittal was rightly confirmed. en-us Fri, 07 Feb 1997 00:00:00 +0530 Tue, 08 Sep 2009 18:02:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16611 In a prosecution for alleged tax evasion, the charges of concealment, fabrication of accounts, false return and conspiracy failed because the prosecution could not prove beyond reasonable doubt a reliable nexus between the firm and the impugned demand draft transactions. The statements of the partners and the witness did not establish that the draft funds belonged to the firm or related to any identified business transaction, and no correlation to specific invoices or purchases was shown. The appellate tax finding that the additions were deleted and that no nexus existed was given due weight, so the acquittal was rightly confirmed. Case-Laws Income Tax Fri, 07 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16611