THE PRINCIPAL COMMISSIONER OF INCOME TAX AND ANR. vs. ROHIT KARAN JAIN
ITA/5/2023HC Gauhati12 Mar 2025
Bench: HONOURABLE THE CHIEF JUSTICE,HONOURABLE MR. JUSTICE KAUSHIK GOSWAMI
Section 131Section 132Section 132(4)Section 139(1)Section 153A
10(38) of the
Income Tax Act, 1961.
xiii) With so much of evidence against the assessee, the onus was
on assessee to prove that his transactions were genuine and that he
had not availed benefit of the aforementioned scheme to convert
black money into white.
xiv) In Sumati Dayal vs. Commissioner of Income Tax .... the
Supreme Court observed
