https://www.taxtmi.com/caselaws?id=36547 The High Court of Punjab and Haryana ruled in favor of the assessee, a karta of a Hindu undivided family, in a case involving the declaration of Rs. 20,000 under the Voluntary Disclosure Scheme in 1951. The court held that the deposited amount in the names of the assessee's daughters did not represent income from undisclosed sources. Emphasizing the revenue's burden to disprove the assessee's explanation, the court found no evidence to suggest misuse of the disclosed sum. As the deposited amount was in the daughters' accounts without contradictory evidence, the court concluded that the Rs. 20,000 was not undisclosed income. en-us Wed, 23 Apr 1980 00:00:00 +0530 Tue, 23 Mar 2010 11:07:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36547 The High Court of Punjab and Haryana ruled in favor of the assessee, a karta of a Hindu undivided family, in a case involving the declaration of Rs. 20,000 under the Voluntary Disclosure Scheme in 1951. The court held that the deposited amount in the names of the assessee's daughters did not represent income from undisclosed sources. Emphasizing the revenue's burden to disprove the assessee's explanation, the court found no evidence to suggest misuse of the disclosed sum. As the deposited amount was in the daughters' accounts without contradictory evidence, the court concluded that the Rs. 20,000 was not undisclosed income. Case-Laws Income Tax Wed, 23 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36547