SRI S S JYOTHI PRAKASH vs. THE ADDL COMMISSIONER
The appeal is allowed accordingly
ITA/460/2010HC Karnataka07 Jun 2016
Bench: JAYANT PATEL,B.SREENIVASE GOWDA
Section 260Section 68Section 69
capital gains on the basis of the
valuation decided by the District Registrar,
Shimoga
through his proceedings dated
18.05.2006.”
12
11.
The principal contention raised by the
learned counsel for the appellant-assessee was that
while invoking power under Section 69 of the Income
Tax Act, the initial burden would be upon the revenue
to prove that unexplained investment
