https://www.taxtmi.com/caselaws?id=28033 The Tribunal upheld the inclusion of the value of nine gold bars in the assessee's total income for the assessment year 1969-70 under section 69A of the Income Tax Act, 1961. Despite the assessee's claim that the gold bars belonged to a third party, the Tribunal found the lack of evidence supporting this assertion and concluded that the assessee failed to prove ownership. The court affirmed the Tribunal's decision, ruling that the onus was on the assessee to establish ownership, which he did not do, resulting in the dismissal of the petition without costs. en-us Mon, 28 Feb 1983 00:00:00 +0530 Wed, 17 Feb 2010 14:27:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28033 The Tribunal upheld the inclusion of the value of nine gold bars in the assessee's total income for the assessment year 1969-70 under section 69A of the Income Tax Act, 1961. Despite the assessee's claim that the gold bars belonged to a third party, the Tribunal found the lack of evidence supporting this assertion and concluded that the assessee failed to prove ownership. The court affirmed the Tribunal's decision, ruling that the onus was on the assessee to establish ownership, which he did not do, resulting in the dismissal of the petition without costs. Case-Laws Income Tax Mon, 28 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28033