https://www.taxtmi.com/caselaws?id=469405 An addition for alleged cash purchases under section 40A(3) was found unsustainable where the assessee denied the transaction and the assessment was built on undisclosed information. Because the assessee was not supplied the relied-upon material or reasons, the burden shifted to the Assessing Officer to support the allegation with cogent evidence. No positive material was brought on record to prove that the assessee had made the impugned cash purchases, so the addition was directed to be deleted in favour of the assessee. en-us Fri, 23 Aug 2024 00:00:00 +0530 Tue, 16 Jun 2026 17:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469405 An addition for alleged cash purchases under section 40A(3) was found unsustainable where the assessee denied the transaction and the assessment was built on undisclosed information. Because the assessee was not supplied the relied-upon material or reasons, the burden shifted to the Assessing Officer to support the allegation with cogent evidence. No positive material was brought on record to prove that the assessee had made the impugned cash purchases, so the addition was directed to be deleted in favour of the assessee. Case-Laws Income Tax Fri, 23 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469405