https://www.taxtmi.com/caselaws?id=61156 The Tribunal ruled in favor of the assessee, overturning the addition of Rs. 25,000 to the total income for the assessment year 1975-76. The ITO's application of Section 69 of the IT Act was deemed erroneous as detailed statements confirmed the bills and vouchers belonged to M/s. Promod Hosiery, not the assessee. The burden of proof was on the revenue, which they failed to establish. The Tribunal highlighted flaws in the ITO's decision-making and justification for the addition, ultimately deleting the disputed amount from the assessee's income. en-us Mon, 08 Jun 1981 00:00:00 +0530 Tue, 11 Jan 2011 11:30:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61156 The Tribunal ruled in favor of the assessee, overturning the addition of Rs. 25,000 to the total income for the assessment year 1975-76. The ITO's application of Section 69 of the IT Act was deemed erroneous as detailed statements confirmed the bills and vouchers belonged to M/s. Promod Hosiery, not the assessee. The burden of proof was on the revenue, which they failed to establish. The Tribunal highlighted flaws in the ITO's decision-making and justification for the addition, ultimately deleting the disputed amount from the assessee's income. Case-Laws Income Tax Mon, 08 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61156