https://www.taxtmi.com/caselaws?id=27429 The High Court of Madhya Pradesh ruled in favor of the assessee, stating that the Tribunal was not justified in holding that the initial onus of proving the loss was not discharged. The Court emphasized the significance of the certificate produced by the assessee from the Excise authorities, which supported the claim for loss incurred in liquor contracts. The Court held that the certificate was valid evidence and that the Tribunal erred in its decision. The judgment highlights the importance of primary evidence in establishing claims and the burden of proof in tax matters. en-us Sat, 04 Aug 1984 00:00:00 +0530 Fri, 12 Feb 2010 17:39:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27429 The High Court of Madhya Pradesh ruled in favor of the assessee, stating that the Tribunal was not justified in holding that the initial onus of proving the loss was not discharged. The Court emphasized the significance of the certificate produced by the assessee from the Excise authorities, which supported the claim for loss incurred in liquor contracts. The Court held that the certificate was valid evidence and that the Tribunal erred in its decision. The judgment highlights the importance of primary evidence in establishing claims and the burden of proof in tax matters. Case-Laws Income Tax Sat, 04 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27429