https://www.taxtmi.com/caselaws?id=39190 The Tribunal ruled in favor of the assessee regarding the treatment of hundi loans as undisclosed income. The burden of proof regarding the nature of the loans introduced in the business was shifted to the department, which failed to provide contradictory evidence. The Tribunal accepted the positive evidence presented by the assessee, including confirmation letters and creditor details, leading to a decision in favor of the assessee and affirming the treatment of hundi loans and burden of proof allocation. en-us Tue, 27 Apr 1976 00:00:00 +0530 Tue, 13 Apr 2010 15:51:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39190 The Tribunal ruled in favor of the assessee regarding the treatment of hundi loans as undisclosed income. The burden of proof regarding the nature of the loans introduced in the business was shifted to the department, which failed to provide contradictory evidence. The Tribunal accepted the positive evidence presented by the assessee, including confirmation letters and creditor details, leading to a decision in favor of the assessee and affirming the treatment of hundi loans and burden of proof allocation. Case-Laws Income Tax Tue, 27 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39190