https://www.taxtmi.com/caselaws?id=291512 The High Court held that there was insufficient evidence to justify taxing the Rs. 11,000 representing high denomination notes encashed in the name of the assessee's wife. However, there was adequate material to support the assessment on the Rs. 4,000 encashed by the assessee. The Court concluded that the burden of proof was not met by the Income Tax Department regarding the Rs. 11,000, emphasizing the lack of justification to tax it without evidence linking it to the assessee. The Tribunal's decision was overturned in part, with no costs ordered. en-us Thu, 19 Mar 1953 00:00:00 +0530 Tue, 17 Nov 2020 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291512 The High Court held that there was insufficient evidence to justify taxing the Rs. 11,000 representing high denomination notes encashed in the name of the assessee's wife. However, there was adequate material to support the assessment on the Rs. 4,000 encashed by the assessee. The Court concluded that the burden of proof was not met by the Income Tax Department regarding the Rs. 11,000, emphasizing the lack of justification to tax it without evidence linking it to the assessee. The Tribunal's decision was overturned in part, with no costs ordered. Case-Laws Income Tax Thu, 19 Mar 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291512