https://www.taxtmi.com/article/detailed?id=11261 Burden of proof in unexplained receipts differs: Section 68 places the onus on the assessee to explain entries, whereas the Section 69 family requires the revenue to first establish existence of the investment, expenditure or asset on record before invoking those provisions. When surrendered excess stock and cash are accepted as business income on the record and no incriminating material arises from search, such amounts are not treated as income from undisclosed sources and do not attract the residuary special tax treatment. en-us Thu, 30 Mar 2023 10:14:03 +0530 Thu, 30 Mar 2023 10:14:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11261 Burden of proof in unexplained receipts differs: Section 68 places the onus on the assessee to explain entries, whereas the Section 69 family requires the revenue to first establish existence of the investment, expenditure or asset on record before invoking those provisions. When surrendered excess stock and cash are accepted as business income on the record and no incriminating material arises from search, such amounts are not treated as income from undisclosed sources and do not attract the residuary special tax treatment. Articles Income Tax Thu, 30 Mar 2023 10:14:03 +0530 https://www.taxtmi.com/article/detailed?id=11261