https://www.taxtmi.com/caselaws?id=60098 The Tribunal ruled in favor of the assessee in a dispute over additions to declared professional receipts by the Assessing Officer for assessment years 1988-89 and 1989-90. The Tribunal found the explanation provided by the assessee regarding free operations plausible, emphasizing that suspicion alone cannot establish income concealment. It held that the burden of proof typically lies with the revenue to establish understatement of income, unless specific legal provisions dictate otherwise. Consequently, the Tribunal directed the deletion of the additions to the returned income, ruling in favor of the assessee in both appeals. en-us Mon, 19 May 1997 00:00:00 +0530 Mon, 03 Jan 2011 16:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60098 The Tribunal ruled in favor of the assessee in a dispute over additions to declared professional receipts by the Assessing Officer for assessment years 1988-89 and 1989-90. The Tribunal found the explanation provided by the assessee regarding free operations plausible, emphasizing that suspicion alone cannot establish income concealment. It held that the burden of proof typically lies with the revenue to establish understatement of income, unless specific legal provisions dictate otherwise. Consequently, the Tribunal directed the deletion of the additions to the returned income, ruling in favor of the assessee in both appeals. Case-Laws Income Tax Mon, 19 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60098