https://www.taxtmi.com/caselaws?id=27335 HC held that the taxpayer discharged the primary onus by producing account-payee cheques, bank certificate confirming encashment, disclosure of creditors and banks, and brokerage payments by cheque, shifting the burden to the Department to verify genuineness. Because the Department did not carry out required verification of creditors' bank transactions or examine introducers, the HC ruled the addition as income from undisclosed sources unjustified and answered the question against the Revenue and in favor of the taxpayer. en-us Mon, 23 Apr 1984 00:00:00 +0530 Thu, 30 Oct 2025 20:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27335 HC held that the taxpayer discharged the primary onus by producing account-payee cheques, bank certificate confirming encashment, disclosure of creditors and banks, and brokerage payments by cheque, shifting the burden to the Department to verify genuineness. Because the Department did not carry out required verification of creditors' bank transactions or examine introducers, the HC ruled the addition as income from undisclosed sources unjustified and answered the question against the Revenue and in favor of the taxpayer. Case-Laws Income Tax Mon, 23 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27335