https://www.taxtmi.com/caselaws?id=435465 The Tribunal allowed the appeal in favor of the assessee, setting aside the addition of Rs. 81,07,050 to the income as sales. It held that the burden was on the Assessing Officer (AO) to prove the sales were genuine, which was not established. The Tribunal found the explanation provided by the assessee regarding the fictitious nature of the sales entries plausible and noted the lack of evidence from the revenue authorities to support their claim. Consequently, the appeal was allowed, and the addition to the income was deleted. en-us Mon, 13 Feb 2023 00:00:00 +0530 Tue, 21 Mar 2023 08:15:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435465 The Tribunal allowed the appeal in favor of the assessee, setting aside the addition of Rs. 81,07,050 to the income as sales. It held that the burden was on the Assessing Officer (AO) to prove the sales were genuine, which was not established. The Tribunal found the explanation provided by the assessee regarding the fictitious nature of the sales entries plausible and noted the lack of evidence from the revenue authorities to support their claim. Consequently, the appeal was allowed, and the addition to the income was deleted. Case-Laws Income Tax Mon, 13 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435465