https://www.taxtmi.com/caselaws?id=416230 The Court upheld the ITAT's decision to delete additions in the Assessment Year 2010-11, based on seized material indicating off-book transactions. The Court emphasized the Assessee's burden of proof and criticized the AO for lack of further investigation into crucial aspects. The Court found no substantial question of law, dismissing the writ petition but leaving the question open for future consideration. The judgment highlighted the importance of thorough investigation and proper burden of proof in such cases. en-us Mon, 20 Dec 2021 00:00:00 +0530 Thu, 23 Dec 2021 12:14:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416230 The Court upheld the ITAT's decision to delete additions in the Assessment Year 2010-11, based on seized material indicating off-book transactions. The Court emphasized the Assessee's burden of proof and criticized the AO for lack of further investigation into crucial aspects. The Court found no substantial question of law, dismissing the writ petition but leaving the question open for future consideration. The judgment highlighted the importance of thorough investigation and proper burden of proof in such cases. Case-Laws Income Tax Mon, 20 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416230