https://www.taxtmi.com/caselaws?id=287919 The High Court upheld the concurrent findings of fact endorsing the addition under Section 153(A) of the Income Tax Act, 1961. The Court found that the lower appellate authorities' decision was well-founded, considering the incriminating documents seized during the search and the assessee's admissions regarding investments. The appellant's argument that the ownership of the mines was different and the subsequent retraction were not sufficient to disprove the initial findings. The Court emphasized the importance of the burden of proof in challenging such findings and dismissed the appeal, stating no question of law arose from the case. en-us Mon, 16 Sep 2019 00:00:00 +0530 Sat, 09 May 2020 00:07:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287919 The High Court upheld the concurrent findings of fact endorsing the addition under Section 153(A) of the Income Tax Act, 1961. The Court found that the lower appellate authorities' decision was well-founded, considering the incriminating documents seized during the search and the assessee's admissions regarding investments. The appellant's argument that the ownership of the mines was different and the subsequent retraction were not sufficient to disprove the initial findings. The Court emphasized the importance of the burden of proof in challenging such findings and dismissed the appeal, stating no question of law arose from the case. Case-Laws Income Tax Mon, 16 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287919