https://www.taxtmi.com/caselaws?id=418786 The court dismissed the tax case appeals filed by the Revenue challenging the addition of investment in unexplained stock for assessment years 2005-06 and 2008-09. The court emphasized the burden of proof on the Revenue to demonstrate inaccuracies in stock statements and upheld figures accepted by sales tax authorities. Relying on previous judgments related to the same assessee, the court concluded that the substantial question of law favored the assessee, leading to the dismissal of the appeals without costs. en-us Mon, 14 Feb 2022 00:00:00 +0530 Thu, 24 Feb 2022 07:13:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418786 The court dismissed the tax case appeals filed by the Revenue challenging the addition of investment in unexplained stock for assessment years 2005-06 and 2008-09. The court emphasized the burden of proof on the Revenue to demonstrate inaccuracies in stock statements and upheld figures accepted by sales tax authorities. Relying on previous judgments related to the same assessee, the court concluded that the substantial question of law favored the assessee, leading to the dismissal of the appeals without costs. Case-Laws Income Tax Mon, 14 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418786