2009 (8) TMI 1159

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....NCOME TAX APPEAL (L) NO.1860 OF 2009 - -<br>Income Tax<br>V.C.DAGA & J.P.DEVADHAR,JJ. For the Appellant: Ms. Suchitra Kamble P.C. Heard learned Counsel for the appellant. 2. The issue invo....

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.... with the hypothesis that it does. If the assessee gives an explanation which is unproved but not disproved, i.e. it is not accepted but circumstances do not lead to the reasonable and positive infere....