https://www.taxtmi.com/highlights?id=61616 Revision u/s 263 by CIT - On going through the entire order of the ld. CIT(A), other than the theoretical rhetoric, no iota of tangible material has been brought on record. The established adages are that the primary onus to prove that the income is non-taxable lies on the assessee whereas the primary onus to prove that the income is taxable lie with the revenue authorities. In the instant case, we find that nothing has been proved to come to a conclusion that the income falls within the ambit of Section 68 - AT en-us Mon, 24 Jan 2022 08:51:27 +0530 Mon, 24 Jan 2022 08:51:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61616 Revision u/s 263 by CIT - On going through the entire order of the ld. CIT(A), other than the theoretical rhetoric, no iota of tangible material has been brought on record. The established adages are that the primary onus to prove that the income is non-taxable lies on the assessee whereas the primary onus to prove that the income is taxable lie with the revenue authorities. In the instant case, we find that nothing has been proved to come to a conclusion that the income falls within the ambit of Section 68 - AT Highlights Income Tax Mon, 24 Jan 2022 08:51:27 +0530 https://www.taxtmi.com/highlights?id=61616