https://www.taxtmi.com/caselaws?id=282398 The Tribunal allowed the appeals of the assesses, holding that they had adequately proven the source of credits from the sale of gold and diamonds. The assesses presented evidence, including bills and reports, demonstrating the conversion and sale of jewelry into bullion. The Tribunal found that the assesses had fulfilled their burden of proof, contrary to the lower authorities' conclusions. As a result, the additions made by the AO were deleted, and the assesses' appeals were successful. en-us Thu, 30 Jun 2016 00:00:00 +0530 Tue, 06 Aug 2019 20:29:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282398 The Tribunal allowed the appeals of the assesses, holding that they had adequately proven the source of credits from the sale of gold and diamonds. The assesses presented evidence, including bills and reports, demonstrating the conversion and sale of jewelry into bullion. The Tribunal found that the assesses had fulfilled their burden of proof, contrary to the lower authorities' conclusions. As a result, the additions made by the AO were deleted, and the assesses' appeals were successful. Case-Laws Income Tax Thu, 30 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282398