https://www.taxtmi.com/caselaws?id=20768 The court ruled in favor of the assessee, stating that section 13(2)(h) of the Income-tax Act did not apply in this case as the trustees' receipt of shares as donations did not constitute investing in those shares. The court did not specifically address the burden of proof under section 13(1)(c) but concluded that the provisions of section 13(2)(h) were not applicable to the assessee. The decision favored the assessee, with the questions raised by the Tribunal answered in the affirmative against the Revenue, resulting in the disposal of the reference without costs imposed. en-us Fri, 29 Jan 1993 00:00:00 +0530 Tue, 17 Nov 2009 11:23:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20768 The court ruled in favor of the assessee, stating that section 13(2)(h) of the Income-tax Act did not apply in this case as the trustees' receipt of shares as donations did not constitute investing in those shares. The court did not specifically address the burden of proof under section 13(1)(c) but concluded that the provisions of section 13(2)(h) were not applicable to the assessee. The decision favored the assessee, with the questions raised by the Tribunal answered in the affirmative against the Revenue, resulting in the disposal of the reference without costs imposed. Case-Laws Income Tax Fri, 29 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20768