https://www.taxtmi.com/caselaws?id=25241 The court rejected the assessee's application under section 256(2) of the Income-tax Act, 1961, as the assessee failed to produce the purchaser to verify the sale of jewellery and investment in fixed deposit receipts. Despite being directed to produce the purchaser, the assessee did not provide the address or summon them, shifting the burden to the assessing officer. The court emphasized the importance of fulfilling obligations in tax assessments, providing complete information, and cooperating with authorities. Failure to meet these requirements may lead to adverse decisions and highlights the significance of complying with procedural rules in tax assessments. en-us Tue, 27 Oct 1987 00:00:00 +0530 Wed, 27 Jan 2010 13:01:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25241 The court rejected the assessee's application under section 256(2) of the Income-tax Act, 1961, as the assessee failed to produce the purchaser to verify the sale of jewellery and investment in fixed deposit receipts. Despite being directed to produce the purchaser, the assessee did not provide the address or summon them, shifting the burden to the assessing officer. The court emphasized the importance of fulfilling obligations in tax assessments, providing complete information, and cooperating with authorities. Failure to meet these requirements may lead to adverse decisions and highlights the significance of complying with procedural rules in tax assessments. Case-Laws Income Tax Tue, 27 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25241